Modern law to enhance investment environment, remove obstacles "in progress": PM

[23-01-2022 10:56 PM]

Ammon News -

Prime Minister, Bisher Khasawneh on Sunday chaired the first meeting of the steering committee for developing the legislative environment governing investment in the Kingdom.

The Prime Minister said that the committee will introduce a new law to develop the investment and business environment in partnership with the private sector, aiming at enhancing existing investments in the Kingdom, reducing bureaucratic procedures that impede the work of investors, in addition to attracting Arab and foreign investment to Jordan.

He explained that this law will unify legislation related to investment and business in Jordan under the umbrella of a modern law in accordance with the best international practices, pointing out that there are currently about 44 laws and more than 1,800 investment-related regulations and instructions.

Khasawneh added that there are three paths to improve the investment environment in the Kingdom. The first path relates to quick procedures by creating a single window for establishing, registering and licensing economic businesses, to enable companies to obtain a license to operate within one day.

He added that the second path is related to reducing production costs. "This is what the government has worked on through the new electricity tariff, which will reduce production costs on a number of vital economic sectors, including health, tourism, agricultural, commercial and industrial sectors to raise their competitiveness, motivate economic growth and create more jobs."

"The third path that the committee will work on is related to regulate investment and business environment legislation in Jordan, in a way that contributes to promoting investment and reducing obstacles facing the work of investors," Khasawneh further added.

  • no comments

All comments are reviewed and posted only if approved.
Ammon News reserves the right to delete any comment at any time, and for any reason, and will not publish any comment containing offense or deviating from the subject at hand, or to include the names of any personalities or to stir up sectarian, sectarian or racial strife, hoping to adhere to a high level of the comments as they express The extent of the progress and culture of Ammon News' visitors, noting that the comments are expressed only by the owners.
name : *
show email
comment : *
Verification code : Refresh
write code :