JIC chief outlines Jordan's reforms, investment incentives to Chinese official

AMMAN — Jordan Investment Commission (JIC) President Montaser Oqlah on Monday acquainted Li Jianhua, Ningxia committee secretary at the Communist Party of China, with the economic reforms that Jordan has achieved. Oqlah said these reforms contributed to achieving important developments in economic fields by amending some laws and signing agreements with Arab and foreign countries that provided Jordan with new export markets. The new investment law will provide investment incentives such as exemptions from customs fees and sales tax in an automatic way to save time on investors, Oqlah said, stressing that JIC is ready to provide Chinese investors with all facilities to establish their projects in Jordan. Jianhua expressed his appreciation for Oqlah’s briefing on the investment environment in the Kingdom, noting that the Chinese-Jordanian relations have developed during the past few years. He also said that His Majesty King Abdullah’s participation in the 2015 Chinese and Arab Countries Exhibition will add value to the event which is considered a good opportunity for Jordan to promote investment.