Investments benefiting from the Investment Law totaled JD657 million during 2022’s January-September period, climbing up by 29 percent from JD511 million in the correspondent period of 2021.
According to an Investment Ministry statement released Monday, local investments contributed 83.3 percent, or JD547 million, from total investment, while foreign investments made up 16.7 percent, or JD109.8 million.
The industry sector took the lion’s share from total registered investments during the same 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), agriculture sector with 3.7 percent (JD24.2 million), and other sectors and economic activities with 2.8 percent of total investments.
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 total investments.
The statement also pointed to 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.
Source: Jordan News Agency