Jordan’s Investment Minister, Khairy Amro, said on Tuesday the government’s seriousness in contacting the country’s private sector in endorsing laws and regulations related to the investment process, stressing that “the new investment law entails no surprises.”
Amro, speaking at a seminar held by Jordanian Businessmen Association (JBA), noted the investment law, which the government is currently working on, will cope with the “latest, most developed and competitive” international laws in this field.
The government, he said, is studying laws concerned with investment affairs, to embrace the “most appropriate” terms for the investment process, which will help to come up with a modern investment law to attract more investments to Jordan.
To facilitate transactions, Amro said, the ministry seeks to be the core reference for investment and the sole authority to follow up on investor issues.
The ministry, he noted, is working on facilitating the investment process, in addition to launching partnership with the private sector.
The government is mulling plans to increase investment opportunities through expansion with the private sector, establishing projects, and providing the appropriate environment to attract foreign investors, according to Amro.
The ministry’s priorities seek to focus on local and foreign investment in a synchronized manner, and open markets to the Jordanian investor by implementing an investment plan countrywide, he pointed out.
Focus in the next stage will be on the information technology and mining sectors, he said, pointing to work on an “interactive smart” investment map project that provides the investor with all details online, in addition to working on a promotional plan.