Investments in Jordan Up 29% during First 9 Months of 2022

According to a statement by Jordan's Investment Ministry, local investments contributed 83.3 percent, or JD547 million, of the total investment, while foreign investments made up 16.7 percent, or JD109.8 million, the Jordan News Agency, Petra, reported.

The industry sector took the lion’s share of the total investments registered during the said period, with 57.8 percent (JD379.6 million), followed by the tourism sector with 29.8 percent (JD195.5 million), hospitals and the medical centers sector with 6 percent (JD39.1 million), the agriculture sector with 3.7 percent (JD24.2 million), and other sectors and economic activities with 2.8 percent.

The statement said the ministry attracted 312 projects in the first nine months of this year, creating more than 13,000 job opportunities.

Investments benefiting from the Investment Law that are outside development zones constituted 91.9 percent, or JD603.6 million, while those inside development zones took 8.1 percent (JD53.3 million) of the total investments.

The statement also mentioned a law regulating the investment environment for the year 2022, which, it said, clearly defines investment regulations and legislation in Jordan, outlines investors’ rights, features, and duties, and facilitates economic procedures.

4155/v