AMMAN — According to data released by the
Ministry of Investment on Sunday, the total investments benefiting from the Investment
Environment Law soared by an impressive 47.6 percent, reaching JD598.2 million,
compared to JD405.3 million recorded during the same period in 2022.
اضافة اعلان
During the initial six months of the year, 236 investment
projects tapped into the advantages offered by the
Investment Environment Law.
These projects are forecast to create a substantial workforce, estimated at
approximately 15,200 job opportunities, based on studies presented by the
investors, Jordan News Agency, Petra reported.
Investment breakdowns
Noteworthy in the report was the remarkable growth witnessed
in expansion projects that reaped the benefits of the
Investment Environment Law. Their collective investment volume amounted to JD307 million, reflecting a
substantial 51 percent share of the total investments during H1 2023.
Furthermore, these projects are poised to generate nearly 10,600 job
opportunities.
Concurrently, newly initiated investments supported by the
law amounted to approximately JD291.1 million, forming 49 percent of the total
investments during the period. These
fresh investments are anticipated to provide
around 4,600 job opportunities.
The distribution of investments across diverse economic
sectors showcased an evident prominence of the
industrial domain, garnering a
lion's share of approximately 71 percent of the total investments. Within this
sector, investments amounted to JD422.1 million.
Following closely, the trade sector secured 17 percent of
the investments, translating to a substantial JD100 million. The tourism
sector, holding significant promise, garnered 5.5 percent of the investments,
amounting to JD34.4 million.
The remaining sectors and economic activities, encompassing
services, artistic production, agriculture, information technology, hospitals,
medical centers, research, and development, collectively constituted
approximately 6.5 percent of the total investments.
Regarding the distribution of investments benefiting from
the
Investment Environment Law during the first half of 2023, it was confirmed
that the investments outside the development zones amounted to a total of
JD555.9 million, constituting 92.9 percent of the total investments, with 206
investment projects. Meanwhile, investments within the development zones
reached JD42.3 million, accounting for 7.1 percent of the total investments,
with 30 investment projects.
Streamlining
processes
The ministry introduced various promotional and marketing
tools including the launch of the pioneering platform
Invest.Jo in Jordan. This
digital platform serves as a repository of valuable information for investors,
featuring 21 investment opportunities valued at around JD1 billion.
Additionally, the platform highlights eight priority investment sectors.
The ministry's endeavors to streamline processes and
facilitate investors' experience materialized through the full automation of 95
services pertaining to economic activities licenses. This initiative aims to
expedite procedures, ensuring swift and efficient service delivery.
As Jordan sets its sights on continued economic growth, the
Ministry of Investment remains steadfast in its mission to empower existing
investments, encourage expansion, and attract fresh investments across key
sectors, including
information technology,
medical tourism,
pharmaceuticals,
life sciences,
healthcare services, food industries, textiles and apparel,
agriculture, logistics services, chemicals and fertilizers, and the film
industry.
Read more Business
Jordan News
.jpg)
.jpg)
