The volume of investment projects benefiting from the Investment Authority Law in Jordan recorded a growth of 26.4 percent during the year 2020 compared to the same period in 2019, as the number reached 376 investment projects that created about 24,000 job opportunities.
The volume of investment projects that benefited from the law during the past year amounted to 618 million Jordanian dinars (865 million dollars) compared to 489 million Jordanian dinars (685 million dollars) in 2019. As for the distribution of investments benefiting from the law among different sectors, the industry reaped the largest share. The rate of investment in it was about 65.3% of the total registered investments, in the hospital and medical centers sector it was 18.1%, in agriculture it was 7%, information technology was 5.2%, tourism was 4.1%, and technical production was 0.2%.
The Acting Investment Commission Chairman, Fereidoun Hartouga, indicated that the volume of domestic investment in 2020 reached 91.67 percent, with an investment volume of 567 million Jordanian dinars, while the foreign investment volume reached 8.33 percent, with an investment of 51 million Jordanian dinars.
Hartouga explained that despite the impact of the Corona pandemic on most of the world's economies, the increase in total investments benefiting from the investment law for the year 2020 reflects the depth of investor confidence in the investment environment in Jordan, pointing out that Jordan has investment potentials that attract investment and investors.
Source (Al-Araby Al-Jadeed Newspaper, Edited)
