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Ministry announces newly formed Investment Council’s tasks, role

ministry of investment
(File photo: Jordan News)
AMMAN — The Ministry of Investment has announced the responsibilities and role of the newly established Investment Council, as reported by local media on Monday. The council will operate under the Investment Environment Law No. (21) of 2022 and will be responsible for directing investment policy and development within the Kingdom.اضافة اعلان

Investment policy and sector prioritiesThe Investment Council will approve the investment policy, including prioritized sectors and projects in line with the state's general policy, economic vision, and social and economic executive plans and programs.

This will help guide investment decisions and align them with the Kingdom’s development goals.

The council will also discuss reports related to the implementation of investment plans, strategies, and programs, and provide guidance. This includes directing necessary actions to develop the investment environment within the Kingdom and resolving disputes that may arise between official bodies regarding the investment environment.

Improving investment environmentIn addition to reviewing investment reports and guiding investment decisions, the council may recommend necessary legislative and regulatory amendments to improve the investment environment.

This will help create a more favorable environment for investors, both domestic and foreign, and drive economic growth within the Kingdom.

The Investment Council was established by a decision of the Cabinet on Sunday, and will be chaired by Prime Minister Bisher Al-Khasawneh.

Members include the Minister of Investment as deputy chairman, the Minister of Planning and International Cooperation, the Minister of Finance, the Minister of Industry, Trade and Supply, the Minister of Digital Economy and Entrepreneurship, the governor of the Central Bank, the chairman of the Jordan Chamber of Commerce, the chairman of the Jordan Chamber of Industry, and four private sector representatives.

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