AMMAN — Seven four-star hotels in Amman have closed down due
to their failure to bring in profits, according to a member of the
Jordanian Businessmen Association, Michael Nazzal, Addustour daily reported.
اضافة اعلان
Speaking during a discussion on Thursday regarding the Draft General Budget
Law for 2023, Nazzal said that “losses have moved from the four-star
hotel sector to the five-star sector because of the drop in market prices and lack of
revenues”.
The hotels that closed down provided about 800 jobs and
2,000 indirect jobs, the businessman said.
Investor supportA lack of support for current
investors from the Kingdom’s budgets
and economic plans has had a negative impact on investment in Jordan, he said.
“Participation with the private sector is non-existent, and
no consultations take place before drafting laws,” he said, noting that the
policies currently in place have “destroyed investments for many years”.
Nazzal suggested that the public sector begin by providing
incentives and support for existing investors to enable them to increase their
profits, thereby attracting further investments.
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