Khaberni - The Minister of Investment, Tarek Abu Ghazaleh confirmed that Jordan offers a stable investment environment based on the rule of law, and with firm political confidence under the leadership of His Majesty King Abdullah II.
He added that the wise royal directives emphasized the necessity of adopting a unified governmental approach to simplify procedures for investors and to implement quality programs and projects that have a tangible impact on the lives of citizens and improve service levels.
In televised statements on Al Mamlaka TV, he mentioned that investment is the primary engine for the growth of the national economy, explaining that the ministry is currently working on engineering and simplifying procedures to facilitate investors.
He revealed that the ministry has completed the preparation of a comprehensive investment map for the northern, central, and southern governorates of the kingdom, highlighting promising advantages and opportunities, alongside creating recent informational brochures that include 97 investment opportunities divided among the central, northern, and southern regions, including 20 major and medium opportunities ready to be presented to investors.
Abu Ghazaleh announced a new Kuwaiti investment in the governorate of Tafilah valued at over 20 million dinars, affirming the ministry's keenness to attract investments to the governorates to enhance development.
The Minister of Investment stated that the ministry is working on developing eight major projects in partnership with the private sector, expecting that their implementation would contribute to raising the gross domestic product by about 1%.
He added that the ministry aims to increase investment flows and attract quality investments capable of creating jobs and transferring technology, noting that direct foreign investment increased by 31% during the first half of this year.
He pointed out that Jordan offers one of the most inclusive investment incentive systems inside and outside the development and free zones, explaining that these incentives and exemptions increase in some developmental areas in the governorates, such as the developmental zones in Tafilah and Karak.
He emphasized that the stability of investment legislation in the kingdom provides protection for investments, as if there are changes in legislation, economic activities that benefit from previously granted exemptions remain as they are until the end of their term, or for a period of seven years for unlimited term exemptions.
Regarding the Umrah city project, Abu Ghazaleh confirmed that the city represents an integrated urban, developmental, and investment project spanning half a million dunams, with the first phase comprising about 10% of its total area, indicating that its financing will be done outside the budget through various partnership models.
He added that the project will contribute to attracting long-term investments in multiple sectors, will alleviate urban pressure on the capital, and enhance the quality of services, reflecting positively on the confidence in the national economy.
