Petra tourism authorities calls on investors

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Home Panorama Petra tourism authorities calls on investors 09-06-2015 11:33 PM Ammon News - AMMONNEWS - In a bid to boost tourist numbers, the Petra Development and Tourism Region Authority (PDTRA) is working on attracting new investments. PDTRA chief commissioner Mohammad Nawafleh mentioned that in number of tourists is seasonal and related to regional turmoil, which is ‘expected’. “We hope the situation will improve soon,” he added. The Cabinet’s endorsement of amendments to the PDTRA Law will encourage businesspeople to invest in Petra. The Cabinet approved several amendments to the PDTRA Law, giving investors in Petra the same incentives granted in development zones such as Dead Sea and Aqaba Special Economic Zone. Some of the incentives include a five per cent corporate income tax rate, exemption from sales tax and customs duties, and 100% foreign ownership without the need to have a Jordanian partner.

Home Panorama

Petra tourism authorities calls on investors

09-06-2015 11:33 PM

Ammon News - AMMONNEWS - In a bid to boost tourist numbers, the Petra Development and Tourism Region Authority (PDTRA) is working on attracting new investments.

PDTRA chief commissioner Mohammad Nawafleh mentioned that in number of tourists is seasonal and related to regional turmoil, which is ‘expected’. “We hope the situation will improve soon,” he added.

The Cabinet’s endorsement of amendments to the PDTRA Law will encourage businesspeople to invest in Petra. The Cabinet approved several amendments to the PDTRA Law, giving investors in Petra the same incentives granted in development zones such as Dead Sea and Aqaba Special Economic Zone.

Some of the incentives include a five per cent corporate income tax rate, exemption from sales tax and customs duties, and 100% foreign ownership without the need to have a Jordanian partner.

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