JIC seeks to boost investment climate

AMMAN — Jordan Investment Commission (JIC) is examining ways to further facilitate investment, in cooperation with the private sector, the Commission President Thabet Al Wir said on Sunday, the Jordan News Agency, Petra, reported on Monday.

During a meeting organised by the Jordan Chamber of Industry on Sunday, Wir said that the study aims to amend the the JIC’s regulations to cope with economic challenges and changes in the world, noting that the investment sector in the Kingdom will see exemptions and reductions on fees, registration and licensing measures.

The meeting focused on boosting public-private cooperation and ways to overcome challenges facing industrial investors. The amendments will include organising tax incentives and exemptions on commodities, services and production inputs, according to Wir.