Tabbaa, WB delegates examine ways to boost business environment

AMMAN — Jordanian Businessmen Association (JBA) President Hamdi Tabbaa and a World Bank (WB) delegation, chaired by Alan Moody, on Sunday discussed ways to boost the business environment in Jordan.

During a meeting at the JBA’s headquarters, the two sides reviewed means to attract more investments to the development zones and underprivileged areas, in particular. Tabbaa highlighted the JBA’s perspective of the country’s economic situation and the agreement that was recently signed with the International Monetary Fund, according to a JBA statement.

He also indicated that the JBA has submitted its recommendations to the government on the Income Tax Law, describing the legislation as confusing for investors. Expressing the WB’s appreciation of the JBA, Moody proposed that the JBA and the WB should draw up a strategy, to be submitted to the government, to maximise the private sector’s role in development and investment.