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Projects benefitting from Investment Law total JD865 million
By JT - Mar 18,2018 - Last updated at Mar 18,2018
AMMAN — The Investment Law and its incentives and exemptions have benefitted investements with a total volume of JD865 million in 2017, Minister of State for Investment Affairs Muhannad Shehadeh said on Sunday.
Shehadeh, who is also the chairman of the Jordan Investment Commission (JIC), said that of these investments, local investments accounted for JD691 million, standing at 80 per cent, while foreign investments constituted 20 per cent at JD174 million, according to a JIC statement.
The minister added that industrial investments in 2017 constituted 32.2 per cent of the total investments that benefitted from the law. He noted that the number of schemes that benefitted from the Investment Law’s Article 8/A in 2017 increased to 418, compared to 406 in 2016.
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