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Ammon News - Minister of Investment, Kholoud Saqqaf, affirmed the "deep-rooted, bilateral" Jordanian-Kuwaiti relations and expressed the government's keenness to increase Kuwaiti investments in the Kingdom during the coming period.

During her meeting with Kuwaiti Ambassador to Jordan, Aziz Daihani, on Thursday, Saqqaf referred to the multiple economic reforms implemented by Jordanian government, primarily establishment of the Ministry of Investment for the first time to assume investment file and become the main authority in this regard in the Kingdom.

The gov't reforms also included approval of new investment environment, which will enter into force during mid-January 2022, she added.

Saqqaf reviewed the law's key priviliges, which featured articles to set principles of Jordan's investment policy, investor rights and advantages, and core incentives and exemptions and granted to investment projects, whether inside or outside development or free estates.

The minister also said the law provides multiple "attractive and stimulating" priviliges for investors, adding that it aims to reduce procedures that hinder business, economic activities and investment attraction efforts and axe Jordanian economy's competitiveness , in line with the government's policy in regulating investor transactions in the Kingdom.

The minister touched on the key investment opportunities in Jordan, such as high-value manufacturing industries, information and communication technology (ICT), healthcare sector, tourism, real estate development, mining, agriculture and logistics.

In addition, Saqqaf referred to the ministry's action plan during 2023 aimed at attracting more local and international investments and enabling existing businesses.

For his part, Daihani said Kuwaiti-Jordanian relations are "pioneering" and enjoy interest and keenness of the two countries' leaderships.

The diplomat said Jordan is an "important" gateway for investment, adding that Jordan's investor climate is "encouraging and attractive," and its new investment law confirms keenness to stimulate and expand investment.

Lauding Jordan as an "important" gateway for investment, he noted the Kingdom's investor climate is "encouraging and attractive" and its new investment law confirms keenness to stimulate and expand investment.

To date, Daihani said Kuwaiti investments in Jordan are estimated at about JD13 billion, concentrated in the sectors of finance, tourism, communications, energy, real estate and infrastructure, referring to future plans to expand investment in Jordan.