Jordan en route to becoming entrepreneurship hub — JIC head

AMMAN — Jordan has seen many achievements in the field of entrepreneurial projects, especially in digital innovation, ranking first in a number of competitions, according to a statement by the Jordan Investment Commission (JIC), which was shared with The Jordan Times on Saturday.

JIC Chairman Khaled Wazani affirmed the support of the government and the commission for creative and entrepreneurial projects, especially among youth, according to the statement.

Delivering his remarks during a ceremony which witnessed the signing of an agreement between the commission and online Arabic content publisher Mawdoo3.com, the chairman noted that Jordan is working to be a hub for entrepreneurship to attract interested investors, projects and venture capitals in the field of digital economy.

He reiterated the JIC’s efforts to simplify measures and improve the labour environment to attract new investments, according to the statement.

Mawdoo3.com is a “live example of a unique Jordanian company” that works to boost Arabic content, he said, adding that Jordanian youth have taken great strides in business innovation through their creative ideas. 

For his part, Mawdoo3.com CEO Rami Al Qawasmi commended the partnership with the JIC, noting that under the agreement, the commission’s news will be republished through an application affiliated with Mawdoo3.com, ensuring the news, activities and achievements of the JIC will reach as many followers of the company’s website as possible. 

Also on Saturday, Wazani spoke during a symposium organised by the Jordan Society for Science and Culture, according to another JIC statement.

He stressed that the most important elements in making an investment decision include achieving revenues, security, legislative stability, rule of law, smart solutions, cost of production materials, financial incentives and exemptions.

Jordan, the chairman said, boasts 12 different economies in its 12 governorates as well as attractive investment qualities and effective human resources that can meet the requirements of investors. 

The chairman added that the Jordanian economy is “small yet global”, especially as it allows Jordanian products to reach 1.5 billion consumers worldwide thanks to the free trade agreements the Kingdom has signed with several countries and blocs, the statement said.