JIC sets up team for project's lifecycle follow-up

[31-03-2021 12:49 PM]

Ammon News - The Jordan Investment Commission (JIC) has recently set up a team dedicated to follow up on investments and cater to investors' needs throughout all stages of the investment's lifecycle, JIC acting director Freidon Hartouqa said on Tuesday.

He told a meeting organized by the American Chamber of Commerce in Jordan (AmCham-Jordan) that the team is tasked with expanding and improving the services provided to investors and listen to their demands, adding that the move is part of a larger government strategy to create an attractive and sustainable investment environment.

During the meeting attended by AmCham-Jordan Muhammad Batayneh, members of the Chamber, and a number of representatives of the private sector, Hartouqa indicated that the commission has taken a host of measures intended to preserve the interests of investors and the private sector, and ultimately place Jordan on the global investment map.

He also pointed out that Jordan was the first Arab country to introduce an investor grievance resolution system which reduces time and effort by providing appropriate and timely solutions.

Batayneh said that the chamber and the JIC have a common vision to lure in investments and ensure that the Kingdom has a "smooth" environment that meets the needs of investors, especially in light of the current conditions that Jordan and the world are facing due to the coronavirus pandemic.

He added that the investor grievance system contributed to the formation of an attractive investment environment, aiming to raise Jordan's competitiveness in terms of ease of doing business and investor service.

The AmCham-Jordan chairman revealed that the chamber seeks to attract U.S. investments to Jordan and expand its business in the Kingdom.

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