During the first half of 2023, the total volume of investments benefiting from the law increased by 47.6 percent, reaching JD 598.2 million, compared to JD 405.3 million recorded during the same period in 2022.
According to data released by Jordan’s Ministry of Investment on Sunday, 236 investment projects tapped into the advantages offered by the Investment Environment Law. These projects are estimated at create approximately 15,200 job opportunities, based on studies presented by the investors.
The collective investment volume of the expansion projects that reaped the benefits of the Investment Environment Law amounted to JD 307 million. Reflecting a substantial 51 percent share of the total investments during the first half of 2023. These projects are poised to generate nearly 10,600 job opportunities.
Newly initiated investments supported by the law amounted to approximately JD 291.1 million, forming 49 percent of the total investments. These fresh investments are anticipated to provide around 4,600 job opportunities.
The ministry added that the distribution of investments across diverse economic sectors showcased an evident prominence of the industrial domain, garnering a share of approximately 71 percent of the total investments. Within this sector, investments amounted to JD 422.1 million.
The trade sector secured 17 percent of the investments, translating to a substantial JD 100 million. The tourism sector, holding significant promise, garnered 5.5 percent of the investments, amounting to JD 34.4 million.
Remaining sectors and economic activities, encompassing services, artistic production, agriculture, information technology, hospitals, medical centers, transportation, research, and development, collectively constituted approximately 6.5 percent of the total investments.
Source: Qatar News Agency