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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