Jordan's development, free zones seek to attract more investments-JIEC
In a meeting held at the Jordan Industrial Estates Company (JIEC), developers of development, industrial and free zones discussed amendments to the new Investment Law and its ability to attract investments, as well as granting more investor exemptions and incentives.
Jordan's zones host the "largest" number of development and industrial investments that contribute "significantly" to boosting production and the national economy, per the JIEC data.
According to a press statement issued by JIEC on Saturday, the developers agreed to submit a study to the Prime Ministry and the investment stakeholders detailing implications of the new amendments on the investment environment.
In this regard, the developers' recommendations aim to enhance the "pioneering" role of development and industrial zones in boosting the investment environment, and attracting and establishing foreign investments, the statement pointed out.
During the meeting, the devlopers pledged keeness to listen and address the various issues facing investors, through direct and daily contact with investors, in implementation of the Royal visions and government directives, the statement noted.
Moreover, they affirmed their continuous endeavor to tackle the challenges facing investors in various developmental, industrial and free zones through their contact with the industrial businesses' leaders to resolve obstacles, said the JIEC.
The current situation, which has affected the region and the world as a result of the Covid-19 pandemic, calls for supporting investors to continue production and supply the local market with various needs, in addition to providing job opportunities for Jordanians, the developers agreed during the meeting.
The developers also praised the "great" efforts made by the Jordanian industry and the various existing investments in the development and free zones during the Covid-19 pandemic and their ability to sustain supply chains for the local market, affirming ability of Jordanian industry to achieve self-sufficiency in the most difficult circumstances, according to the statement.
//Petra// AG