Dr. Wael Al-Armouti, Jordan’s General Companies Controller, stated that the number of companies that increased their capital rose by 63% during the first eleven months of this year compared to the same period last year.
اضافة اعلان
Al-Armouti told Al-Ghad that 1,518 companies raised their capital compared to 931 companies last year, marking an increase of 587 companies.
He explained that these companies increased their capital by 150%, bringing the total new capital to 1.141 billion Jordanian dinars, up from 455 million dinars during the same period last year.
“The clear rise in the number of companies increasing their capital reflects several positive signals,” Al-Armouti said, “including confidence in the stability of the business environment, the desire to expand, seize available investment opportunities, and the private sector’s ability to adapt to changes and drive economic activity.”
He added that this activity aligns with the goals of the Economic Modernization Vision, which focuses on enhancing growth, increasing private sector contribution, and enabling companies to expand locally and regionally. The trend of increasing capital reflects broader confidence in the investment environment and its ability to create more jobs and improve competitiveness.
Al-Armouti highlighted Jordan’s strategic location as a key factor supporting companies’ expansion and capital increase, noting that Jordan serves as a gateway to regional markets and a hub for transport and logistics services. This provides opportunities for companies to benefit from reconstruction projects in neighboring countries and strengthens the attractiveness of the local market for investors.
He also indicated that current economic indicators and developments suggest this trend is likely to continue, expecting more companies to increase their capital in the near future, especially with the launch of new projects in vital sectors such as infrastructure, energy, and transportation. This, in turn, boosts confidence in the local economy and supports growth.
Al-Armouti confirmed that the Companies Control Department follows a clear plan to simplify procedures and enhance transparency in all dealings with companies. The department has intensified efforts this year to streamline registration requirements, increase reliance on electronic services, and develop communication channels with investors.
“These efforts have accelerated transaction completion and reduced costs and time for companies, encouraging many to raise their capital and expand operations,” he said.
The number of newly registered companies during the first eleven months of the year reached 6,988 companies, compared to 5,864 companies during the same period last year, reflecting an increase of 19%.
