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Policies needed to attract Jordanian expatriate investment — study

By JT - Apr 05,2017 - Last updated at Apr 05,2017

AMMAN — A study conducted by the Jordan Strategy Forum (JSF) recommended the adoption of policies facilitating Jordanian expatriate investment, and encouraging entrepreneurship programmes, the Jordan News Agency, Petra, reported. 

The study "Jordanian expatriates: opportunities and challenges" indicated expatriates face numerous challenges when returning to Jordan, due to the current economic situation. But it stressed that the implementation of policies adapted to their problems "could make their homecoming a blessing". 

The study highlighted a number of positive aspects resulting from the return of expatriates, including the boost in productive knowledge in society, and increased capital that could be invested in the economy. 

There are around 782,000 Jordanian expatriates spread around 76 countries, according to 2013 World Bank figures, Petra reported, adding that most of them live in the countries of the Gulf Cooperation Council. Over 300,000 Jordanian expatriates live in Saudi Arabia, 141,000 in the UAE and around 76,000 expatriates in the US. 

According to the study, Jordan received around JD3.79 billion in expatriates’ personal remittances in 2015, which were used to fund education, health and investment in inheritable assets.

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