New Business Opportunities in Jordan

Published March 23rd, 2000 - 02:00 GMT

The Supreme Investment Promotion Council has announced new incentives to non-Jordanians, including allowing full ownership of computer service businesses. 

 

Yesterday, the council, presided over by Prime Minister Abd a Rauf a Rawabdeh, resolved to amend the investment law regarding non-Jordanians. In general, the council has decided to bring the country's economy in line with current world developments and the kingdom's anticipated accession to the World Trade Organization, a Ra'i daily reports. 

 

Specifically, the council decided to liberalize the computer services sector and its related consultancy services such as computer equipment installation and software installation. In this field, foreign investors will be allowed to hold 100% of the project. Other sectors where 100 percent holding will be permitted include: financial leasing transactions, related services to power, electricity, gas and water distribution as well as waste removal systems. It should be noted that the Jordanian banking and finance services are already open to 100 percent foreign investment in addition to the insurance and re-insurance sector. 

© 2000 Al Bawaba (www.albawaba.com)

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