Foreign Investment in Jordan Increases by 97 percent

  • Amman, Hashemite Kingdom of Jordan
  • 20 December 2022
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A report issued by the Central Bank showed the growth of local economic indicators for the current year 2022 and the decline in the severity of the impact of the Corona pandemic and geopolitical tensions on the economic sectors. Because of a number of government policies and measures that were applied to face the challenges resulting from these circumstances.

According to the report, tourism income rose during the first three quarters of this year to $3 billion, compared to $1.2 billion for the same period last year, with a growth rate of nearly 140.8 percent.

National exports increased by 45.6 percent during the first eight months of this year. Remittances from Jordanians working abroad also increased by 0.6 percent, and foreign investment increased by 96.9 percent during the first half of this year.

The Governor of the Central Bank of Jordan, Dr. Adel Sharkas, pointed out that "the Jordanian economy has begun a gradual recovery, as the gross domestic product increased last year by 2.2 percent, compared to an economic contraction in the year 2020."

Source (Al-Dustour Jordanian Newspaper, Edited)

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