Foreign investment at JD34.7 billion for 2019-2020 - CBJ survey

(File Photo: Jordan News)
AMMAN — The foreign investment balance in the Kingdom stood at JD34.7 billion in the years 2019-2020, according to a recent survey by the Central Bank of Jordan (CBJ), according to Jordan News Agency, Petra.اضافة اعلان

Breaking down the data, the bank said that the United Arab Emirates was the top investor with 14 percent of the total (about JD19.8 billion in direct investments), followed by the United Kingdom with 8.2 percent, Kuwait with 7.2 percent, Bahrain with 7 percent, and France with 6.2 percent.

Governor of the CBJ Adel Sharkas stressed the importance of conducting this survey, which was implemented in cooperation with the Department of Statistics, with funding from the Ministries of Planning and International Cooperation and Investment, and with the participation of the Companies Control Department.

"It will improve the quality and comprehensiveness of the balance of payments statistics, international investment status and external debt statistics to meet the needs of users, researchers, and economic policymakers," Sharkas underlined.

The survey, he noted, covers foreign investment according to functional categories, including foreign direct investment, portfolio investments, and other investments, distributed by economic activities (ISIC-4), geographical distribution, and legal entity, according to the latest international methodologies.

For his part, Minister of Planning and International Cooperation Nasser Shraideh stated that the survey aims at providing an updated detailed database on foreign investment in the Kingdom, coinciding with the launch of the ten-year Economic Modernization Vision, which stresses creating an attractive environment for local and foreign investment.

Shraideh indicated that this survey, the fourth one conducted so far, was implemented electronically for the first time ever. It included 1,934 establishments from the private sector with a response rate of 74.9 percent.

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