Jordan launches report on investments

ministry of investment jordan
(Photo: Ministry of Investment Twitter)
AMMAN — The Ministry of Investment launched a report which aims at measuring the contribution of foreign investment to Jordan’s sustainable development and provide recommendations to the government on the course forward, the Jordan News Agency, Petra, reported.اضافة اعلان

The Foreign Direct Investment (FDI) Qualities Review of Jordan, Strengthening Sustainable Investment was launched in cooperation with the Organization for Economic Cooperation and Development (OECD). The Jordanian private and public sector will be taking part in the effort.

The report was launched in the presence of the ministry’s Secretary-General Zaher Al-Qatarneh, and OECD Deputy Secretary-General Yoshiki Takeuchi.

The ministry said in a statement that the report aims to measure contribution of foreign investment to Jordan’s sustainable development and define policies to optimize positive effects in this regard. It also provides a set of recommendations that can be viewed a “strategic” guidelines to support decision-makers when implementing state foreign investment policies and directing their effects in achieving development goals.

Qatarneh said the report is a reassessment of the current FDI situation following the COVID-19 pandemic in a way that helps improve quality of foreign investment in achieving Jordan’s sustainable development goals and aligning with global practices.

The report, he said, provides indicators on the FDI effects and finds a policy toolkit on defining the “best” institutional preparation practices and the necessary policies to offer an opportunity to achieve sustainable investment development benefits.

Currently, the government is working on a new investment environment draft law, aimed at creating a “qualitative addition and a positive impact” on Jordan’s investment environment, Qatarneh said.

The ministry is also outlining its strategy for the years 2023–2027, which would turn the government’s investment priorities into strategic objectives, projects and programs with a clear and direct impact that contributes to achieving Jordan’s aspirations for a better future, he added.

On future plans, Qatarneh said the ministry will be setting up a modern database.

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