Gov’t contracts various companies to attract investment

(File photo: Ameer Khalifeh/Jordan News)
AMMAN — The government contracted various companies to attract investment in the Kingdom, Minister of Investment Kholoud Saqqaf said on Sunday. اضافة اعلان

During a Parliament meeting to discuss the 2023 general draft budget law, Saqqaf added that Jordanian embassies abroad and foreign embassies in Jordan are partners to attract investment.

IncentivesTo encourage investment, Jordan is offering incentives. According to Saqqaf, these include subsidizing energy costs, reducing the cost of rent, and aligning foreign and local investors to be equal under the law.

Currently, she added, any proceeding relating to the Ministry of Investment can be completed within 15 days.

The hope with incentives, she said, is to show Jordan as an attractive investment environment.

The ministry was established in late 2021 as the previous state ministry for investment affairs was unable to resolve all issues facing investment in Jordan.

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