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Jordan made thorough reforms to lure in investments, says minister

10-05-2023 03:36 PM


Ammon News - Minister of Investment Kholoud Saqqaf said Jordan had accomplished many legislative and institutional reforms to regulate and attract investments.

During a ministry session titled "Exploring investment horizons in Jordan" held at the Annual Investment Meeting (AIM 2023) in Abu Dhabi, Saqqaf said the Investment Environment Law was endorsed based on the best global practices, pointing to public-private sector projects aimed at luring in investments and blending in with regional and international markets.

She added that Jordan had sought an action plan centered on comprehensive and ambitious planning, resulting in the launch of the Economic Modernization Vision as part of other administrative and political reforms with the slogan "A Better Future," said a ministry statement on Wednesday.

The ministry, Saqqaf continued, is prepping many initiatives to make Jordan a competitive and attractive investment destination. In a public-private sector partnership context, a group of bankable projects has been identified, including investment opportunities in the water, transportation, digital economy, and education sectors, she added.

An integrated investment platform (Invest.Jo) will soon be launched to promote investment, introduce Jordan's investment environment, highlight promising investment opportunities, and facilitate communication with investors locally and globally, Saqqaf stated.

The minister called on investors and international institutions to direct their investments to the Kingdom and capitalize on the strategic Jordanian market and the free trade agreements that give Jordanian products access to a large consumer market of 1.5 billion people.

Held in collaboration with the Ministry of Industry and Advanced Technology and the Abu Dhabi Department of Economic Development, this year’s edition of AIM Global is themed "The Investment Paradigm Shift: Future Investment Opportunities to Foster Sustainable Economic Growth, Diversity, and Prosperity," bringing together over 600 speakers from 170 countries.




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