26 investors granted Jordanian citizenship during first half of 2021 — JIC chief

AMMAN — Acting Chairman of the Jordan Investment Authority (JIC) Faridoun Hartouqa on Monday revealed that the total volume of investments benefiting from the Investment Law during the first half of 2021 amounted to JD239.7 million, the Jordan News Agency, Petra, reported.

He added that the number of projects benefiting from the Investment Law reached 207, with an expected 8,000 job opportunities.

In a JIC statement, Hartouka said that the volume of local investment projects that benefited from the law during the first half of 2021 amounted to JD214 million, making up 89 per cent of the total investment volume. The volume of foreign investment reached JD26 million, at a rate of up to 10 per cent of the total investment.

On granting Jordanian citizenship in return for investment, he said that 26 investors obtained Jordanian citizenship during the first half of 2021, in addition to 98 members of their families.

The total investments of citizenship holders during the first half of 2021 amounted to approximately JD37 million.

A total of 19 investors were granted citizenship through their existing investment projects, estimated at about JD26 million, providing 1,105 job opportunities.

Seven investors were granted citizenship by making a deposit or purchasing treasury bonds worth JD11 million.

The nationalities of applicants for Jordanian citizenship in exchange for investment include Arab and non-Arab nationalities: Syrian, Iraqi, Palestinian, Yemeni, Pakistani, Libyan, Saint Kitts and Nevis nationalities. 

He said that the JIC seeks to increase the size of investments during the second half of 2021 by promoting projects in priority sectors and simplifying procedures to help investors.