October 2 2022 3:24 PM E-paper Subscribe Sign in My Account Sign out

Gov’t mulling whether to ditch investment window — Al-Ghad

Ministry of Investment
(Photo: Jordan News)
AMMAN — The government is studying multiple options within the new investment draft law, including whether to do away with the investment window, which was set up as a portal to facilitate paperwork and cut through red tape for investors.اضافة اعلان

Al-Ghad News quoted an official source saying that the window has not achieved its objectives of simplifying the investment process. 

The source said that the investment window’s shortcomings are due to the fact that most of its commissioners — 16 in total, representing the various institutions concerned with investment in Jordan — do not have the necessary authority to independently issue approvals related to a particular projects. The commissioners must refer to the ministries of health, tourism, environment, labor, and municipal affairs, as well as to the Greater Amman Municipality and the Jordan Food and Drug Administration.

Four successive governments have tried to tackle the investment window since it was first launched: first, the governments of former prime ministers Abdullah Ensour, Hani Al-Mulki, and Omar Al-Razzaz, and now the government of Prime Minister Bisher Al-Khasawneh.

The source said that studies are currently focused on improving the investment process by simplifying and facilitating procedures for investors, particularly in regards to obtaining licenses and approvals for projects.

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