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Investments up 29% during first 9 months of this year

(File photo: Ameer Khalifeh/Jordan News)
AMMAN — Investments benefiting from the Investment Law totaled JD657 million during the January–September period of this year, up by 29 percent over the correspondent period of 2021, when they had reached JD511 million, according to the Jordan News Agency, Petra.اضافة اعلان

According to an Investment Ministry statement released Monday, local investments contributed 83.3 percent, or JD547 million, of the total investment, while foreign investments made up 16.7 percent, or JD109.8 million.

The industry sector took the lion’s share of the total investments registered during the said period, with 57.8 percent (JD379.6 million), followed by the tourism sector with 29.8 percent (JD195.5 million), hospitals and the medical centers sector with 6 percent (JD39.1 million), the agriculture sector with 3.7 percent (JD24.2 million), and other sectors and economic activities with 2.8 percent.

The statement said the ministry attracted 312 projects in the first nine months of this year, creating more than 13,000 job opportunities.

Investments benefiting from the Investment Law that are outside development zones constituted 91.9 percent, or JD603.6 million, while those inside development zones took 8.1 percent (JD53.3 million) of the total investments.

The statement also mentioned a law issued Sunday, regulating the investment environment for the year 2022, which, it said, clearly defines investment regulations and legislation in Jordan, outlines investors’ rights, features, and duties, and facilitates economic procedures.

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