Jordan's 'investment window' kicks off April 2015

AMMAN — The "investment window" will officially be launched in mid-April 2015, Jordan Investment Commission (JIC) President Montaser Okla said Thursday. 

At the monthly meeting with presidents and chief executive officers of companies that operate free, industrial and development zones, Okla said the new investment law has positioned JIC as the sole reference for current and future investors, whether they are Jordanians, Arabs or foreigners. 

According to Okla, the role of developers in attracting investments and marketing Jordan internationally has been upgraded, as JIC’s monitoring and organisational tasks, in terms of investment operations and serving investors, have become stronger after the endorsement of the investment law.

He indicated that JIC is currently preparing a draft agreement that gives developers wider authority, especially in municipal undertakings, licensing and registration.

Such a step would ensure that JIC attract more investments from countries, companies or even individuals, he said, stressing that attracting investments should not be restricted to government.

He added that JIC will cover the entire Kingdom through specialised employees with offices in the governorates, or in chambers of industry and commerce.

Nasser Shraideh, chairman of the Jordanian Free Zones Corporation, commended the commission’s role in making the Kingdom a comprehensive regional centre enjoying  stability and security, and attracting more investments that add value to the national economy.