Foreign direct investment records 269% increase during first quarter 2022-CBJ governor

Home Jordan News Foreign direct investment records 269% increase during first quarter 2022-CBJ governor 30-06-2022 09:16 AM Ammon News - Foreign direct investment into the Kingdom recorded a "significant" increase during the first quarter of 2022, reaching JD266.9 million, compared to JD72.2 million for the same period last year, marking a growth rate exceeding 269%, Central Bank of Jordan (CBJ) Governor, Dr. Adel Sharkas, announced. In a statement to "Petra" on Wednesday, Sharkas noted this rise reflects recovery in investment inflows into the Kingdom after Covid-19 pandemic's repercussions, which negatively affected these inward direct investments. This figure provides "optimistic" signals for Jordan's economic performance, especially since these inflows constitute about 47% of the expected foreign direct investments for the whole 2022, he pointed out. Per CBJ data, foreign investment is an important source of Jordan's foreign reserves, which amounted to $17.66 billion in the first five months of 2022.

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Foreign direct investment records 269% increase during first quarter 2022-CBJ governor

30-06-2022 09:16 AM

Ammon News - Foreign direct investment into the Kingdom recorded a "significant" increase during the first quarter of 2022, reaching JD266.9 million, compared to JD72.2 million for the same period last year, marking a growth rate exceeding 269%, Central Bank of Jordan (CBJ) Governor, Dr. Adel Sharkas, announced.

In a statement to "Petra" on Wednesday, Sharkas noted this rise reflects recovery in investment inflows into the Kingdom after Covid-19 pandemic's repercussions, which negatively affected these inward direct investments.

This figure provides "optimistic" signals for Jordan's economic performance, especially since these inflows constitute about 47% of the expected foreign direct investments for the whole 2022, he pointed out.

Per CBJ data, foreign investment is an important source of Jordan's foreign reserves, which amounted to $17.66 billion in the first five months of 2022.

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