Foreign investments in Kingdom rose by 17% in first-half of 2020 — JIC

AMMAN — Global venture capital firms continue to show interest in the Jordan market, as foreign investments in the Kingdom during the first half of 2020 increased by 17 per cent, compared with the same period of 2019, according to Jordan Investment Commission (JIC) President Khalid Wazani.

Wazani, citing the results of the UN General Assembly and the Economic and Social Council “UNCTAD” report, said that “although global foreign direct investment flows fell by 49 per cent in the first half of 2020 compared with 2019, due to the economic fallout from COVID-19, Jordan is “increasingly becoming a focus of foreign investors’ interests”.

Wazani’s remarks came during a meeting organised by the Amman Chamber of Industry and the German-Arab Chamber of Industry and Commerce, in partnership with the JIC on Thursday, according to a JIC statement.

The JIC, in partnership with the public and private sectors, has developed a list of the most important investment opportunities in the Kingdom that totalled 75 ventures in various sectors, he added, expressing the commission’s readiness to offer all support for German companies that wish to invest in Jordan.

During the event, Wazani highlighted the Kingdom’s attractive business environment, notably its stability and strategic location, which makes it a potential hub for Arab and global markets, adding that a number of free trade agreements have been signed to allow Jordan-made products reach more than 1.5 billion consumers, according to the statement.