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Ammon News - Jordan Investment Commission (JIC), in cooperation with the Organization for Economic Co-operation and Development (OECD), held a dialogue session remotely to assess contribution of foreign direct investment (FDI) on sustainable development, and define the necessary policies to increase its positive effects on the Kingdom.

Speaking during the virtual event, JIC Acting Head, Fereidoun Hartouga, said the cooperation between Jordan and OECD on promoting investment and its contribution to sustainable development is part of a "qualitative" initiative to attract foreign direct investment, within a program launched by European Union and the OECD to support efforts to increase the quantity and quality of investment flowing into the region.

In a press statement issued on Thursday, he said the JIC has coordinated with 25 governmental and private Jordanian entities from various ministries, and international community bodies, and a number of international and regional organizations to follow up on the implementation of the joint EU-OECD initiative.

Quality of foreign direct investment is based on partnership with the public and private sectors, by applying regional and national measures to develop "more solid and consistent investment policies and strategies," according to Hartouga.

The joint EU-OECD initiative aims to develop a "strategic" guide and recommendations that support the government's efforts when implementing its policies related to foreign direct investment, due to its important impacts for achieving development, within the sustainable development dimensions, productivity, innovation, job creation and skills development, gender equality, as well as green economy, according to the JIC statement.

Through webinars, the OECD evaluates investment programs in the Middle East and North Africa, sheds light on investment policy trends and reforms in a group of MENA countries, in addition to setting policy priorities for the future of investment policy in the region, especially in Algeria, Egypt, Jordan, Lebanon, Libya, Morocco, Palestine and Tunisia.