https://arab.news/w3um2
- 95 new measures introduced in the first half of 2024, says govt
- 12 opportunities worth $3bn in tourism, industry, mining, energy
AMMAN: Jordan’s government has implemented 95 new measures to make it easier for investors seeking opportunities in the country.
In a report, the Ministry of Investment highlighted the country’s progress during the first half of 2024, the Jordan News Agency reported on Sunday.
The report, a part of the government’s Economic Modernization Vision, covers a wide range of areas including licensing, incentives, exemptions, investment-fund registration, and the submission of grievances.
The ministry has also streamlined its internal processes by integrating them with key agencies including Jordan Customs, the Income and Sales Tax Department, and the Civil Defense Directorate.
In addition, the ministry has developed a transaction-tracking system aimed at automating and simplifying investment-related procedures.
This includes the full automation of investment-fund registration, with requests now being processed through the electronic platform.
The report also highlights the creation of the Infrastructure Investment Fund, owned by Abu Dhabi Development Holding Co., which is set to execute several projects in Jordan.
Additionally, the ministry has updated investment-opportunity models on the interactive invest.jo platform.
It has introduced 12 new investment opportunities in sectors including tourism, industry, mining and energy, worth over $3 billion.
Efforts to refresh economic-indicator databases, international reports, and legislative frameworks have been made. This is alongside plans for several development zones managed by the Jordan Industrial Estates Co.
The report also notes promotional campaigns targeting external markets, including Britain and Germany.
Furthermore, a draft framework has been prepared for public-private partnerships, focusing on evaluating financial commitments, value for money and risk.