JIC to form crisis management teams to enhance current investment environment

AMMAN — President of the Jordan Investment Commission (JIC) Khalid Wazani on Tuesday said that crisis management action teams will be formed in cooperation with partners in development and free zones and industrial estates to arrive at recommendations to improve investment conditions for existing projects.

During a teleconference with stakeholders, Wazani highlighted the unified promotional action plan that aims at attracting more investments and keeping pace with economic and investment-related developments, the Jordan News Agency, Petra, reported.

He noted that JIC technical teams have held a teleconference with stakeholders to approve facilities’ applications for new and existing investments. The JIC has processed a total of 732 applications and inquiries received online, “to guarantee the interests” of investors and the private sector.

Jordan Industrial Estates Company (JIEC) CEO Omar Jwaid said that companies operating within industrial estates — namely those in the medical, sterilisation and food sectors — have not stopped working during the coronavirus crisis, while most investments are currently operating at 60-per cent capacity.

Jordan Free and Development Zones Group Chairman Khalaf Hmeisat said that the group has checked on all investment projects within free zones and offered support and facilitations needed during the crisis to ensure operations are in line with the public safety and health measures.

Hmeisat pointed to the cooperation with authorities and the JIC to facilitate the quarantine procedures that took place within the Dead Sea Development Zone.