New Investment Law to Be Focus of Jordan Report

JIC MOU release picture (2)

Jordan’s efforts to enhance its investment environment through new legislation will be given wide-ranging coverage in a forthcoming report to be produced by the global publishing firm, Oxford Business Group (OBG).

The Report: Jordan 2015 will look in detail at the kingdom’s newly-implemented investment law which should support the kingdom’s drive to attract foreign investment.  The publication will also consider the key role earmarked for the recently-established Jordan Investment Commission (JIC), which is expected to be instrumental in boosting and facilitating FDI inflows by bringing several organisations involved in attracting capital inflows under one roof.

The JIC has signed a Memorandum of Understanding (MOU) on research with OBG for its forthcoming report on the kingdom’s economy. Under the MOU, the JIC will collaborate with OBG as the official research partner for Jordan: The Report 2015.

Montaser Oklah Al-Zou’bi, JIC President, said he looked forward to working with OBG on the Group’s 2015 project which, he added, came as Jordan moved to make targeting investment for new initiatives a priority.

“Oxford Business Group’s country reports have long proved to be a valuable tool for international investors, providing them with the information they want on the opportunities emerging across Jordan’s economy,” he said. “The implementation of the new investment law marks a new era for Jordan which should generate heightened interest in the kingdom. I am delighted to be renewing our partnership with the Group at this pivotal point in Jordan’s development.”

OBG’s Managing Director for the Middle East Jana Treeck said that despite a challenging regional backdrop, Jordan’s reputation as a haven of stability, combined with its commitment to reform, sends a strong signal to foreign investors that the country remained open for business.

“While we expect banking, ICT and health to continue driving the economy, Jordan’s commitment to addressing its energy issues presents plenty of untapped opportunities for foreign investors, especially in the renewable segment,” she said. “I’m confident that our partnership with the Jordan Investment Commission will strengthen the Group’s coverage of these, and other significant developments, enabling us to make our 2015 report an essential read.”

The Report: Jordan 2015 will be a vital guide to the many facets of the country, including its macroeconomics, infrastructure, banking and other sectoral developments. It will also contain a range of interviews with leading representatives and personalities. The publication will be available in print or online.