Jordanian Senate examines draft investment law

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  • Jordan Senate's Finance and Economic Committee examines the draft law regulating the investment environment in the country.
  • Investment-related laws should streamline business procedures, economic activities, spur investment and enhance competitiveness of the economy

Jordan Senate’s Finance and Economic Committee hosted an expert in economic affairs at the National Democratic Institute (NDI), to look into the draft law regulating the investment environment.

Speaking at the consultative discussion, the head of Senate Committee Jamal Sarayreh said investment laws are the main pillar for stimulating and regulating investment within a legal framework in all fields.

He said the foremost is addressing obstacles affecting the Kingdom’s investment environment and external crises.

He also stressed the importance to ensure investment-related legislative stability, which should be “clear and appropriate” to achieve development and progress.

Sarayreh said, on Thursday, that investor regulations and laws should align with the labor market and its policy and create new job opportunities for Jordanian workers.

Investment-related laws should streamline business procedures, economic activities, spur investment and enhance competitiveness of the national economy, he added.

Dr. Yousef Mansour, an expert in economic affairs at the National Democratic Institute (NDI), said any investment-stimulating law should contain “simple and clear” provisions, provide a clear and transparent slew of investor incentives.

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