Jordan’s 'competitive' IT environment ripe for investment — minister

small medium enterprise sme
(File photo: Jordan News)
AMMAN — According to Minister of Investment Kholoud Saqqaf, Jordan offers a "competitive" environment for communication and information technology (CIT) industry and serves as an "attractive" regional investment center for entrepreneurial projects and CIT companies, the Jordan News Agency, Petra, reported.اضافة اعلان

During a recent panel discussion organized by the Information and Communications Technology Association of Jordan on CIT sector requirements, Saqqaf said that the Kingdom’s CIT sector accounts for 3.5 percent of gross domestic product (GDP), with annual revenues of $2.3 billion.

More than 900 companies are active in the sector — 98 percent of which are small- and medium-sized enterprises (SMEs) — directly employing 24,700 workers, the minister added.

Jordan's newly-endorsed Investment Environment Law, which entered into force on January 14, offers incentives and exemptions to many investment sectors — CIT among them — and preserves the rights of investors acquired while reducing red tape hampering business, economic activity, and efforts to attract investments, the minister said.

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