Ammon News -

The Jordan Investment Commission (JIC) announced the first virtual investment conference and exhibition in the Kingdom, under the title: "Stimulating Investment in the Bicentenary."

Speaking during a press conference on Sunday, JIC Acting Chairman, Faridon Hartouqa, said the virtual investment conference will be launched during next July 12 to 13, under the auspices of the Prime Minister, as part of the JIC's steps aimed at attracting more foreign investments.

The investment attraction drive targets potential investors, and seeks to activate partnerships between the Jordanian private sector and its counterparts abroad, highlight the Jordanian product and its competitiveness to enter other markets and reach more than 1.5 billion consumers through free trade agreements (FTA) signed by Jordan with many countries, Hartouqa told the press.

Noting impact of Covid-19 pandemic and the global restrictions imposed to limit its spread, he said the crisis gave birth to the idea of holding a three-dimensional conference, with a virtual interactive display of investment opportunities through e-pavilions, in a bid to promote Jordan's investment opportunities and encourage exports, which would highlight the added value investment in the Kingdom.
At the event, he said the JIC will highlight the most important advantages of the "advanced" investment environment in Jordan and regional competition, in addition to promoting government investment opportunities under the public-private partnership in various vital sectors, and presenting the available financing opportunities.

Hartouqa said the virtual conference will focus on youth and entrepreneurship, noting that the JIC has established a special e-section to serve entrepreneurs to process their transactions pertaining to to investment projects "smoothly".
Hartouqa said the conference will also provide multiple e-rooms to present the investment opportunities offered at the event, and talk about the details related to any interest in (B2B) investment opportunities.

Hartouqa also noted the event will focus on the Jordanian expatriates abroad, who play a linking role between Jordan and their various countries of residence, which would contribute to promoting the Kingdom's investment opportunities, increase trade exchange and attract new investments by launching partnerships with Arab and foreign investors.

The JIC, within government directives, is currently working on preparing a new Investment Law aimed at achieving investor aspirations in a "better" manner in line with international practices, adding the JIC has launched a time-saving grievance mechanism aimed to finding suitable solutions for investors' concerns, in line with the laws and regulations in force in the Kingdom, he said.
The JIC, he noted, seeks to attract investments that achieve the "greatest" benefit to the economy, especially those that generat

e job opportunities and improve the Kingdom's least developed regions.
The JIC, he said, has promoted the most important investment sectors as "promising and attractive" investment opportunities in the health sector, agriculture, food industries, information technology, and tourism, which saw many new projects launched.