Foreign Investment in Jordan Jumps 27% in First Quarter
Foreign investments enjoying a special package of Jordanian incentives reached JD130 million during the first four months of this year, jumping 27 percent compared to the same period of 2000 and generating 20,000 jobs, the Jordan Times reported Wednesday.
Jordan Investment Board (JIB) director General Reem Badran was quoted by the daily as saying that “the bulk of these investments in 2001 were channelled into the industrial and tourism sectors.”
Investments in 2000 hit JD793 million, up from JD549 million the year before.
Last year, Egypt, the US, Britain and Hong Kong claimed 55 percent of the kingdom's investment projects, it added.
Badran also presented sectoral studies on seven competitive industries designed to guide potential investors on where to set up their projects.
The sectors, according to the paper, include mining, tourism, medical care, pharmaceuticals, apparel and textiles, Dead Sea cosmetics and information technology – Albawaba.com
© 2001 Al Bawaba (www.albawaba.com)