Direct foreign investment grew by 2% in 2020 “” JIC

Direct foreign investment grew by 2% in 2020 “” JIC

AMMAN “” The direct foreign investment in 2020 grew by 2 per cent with a total volume of JD497 million, Jordan Investment Commission (JIC) Acting Chairman Faridoun Hartouqa said on Saturday, citing estimations of the Central Bank of Jordan.

Speaking during the first economic Jordanian expatriate conference, organised virtually by the Jordanian Expatriates Association, Hartouqa noted that the investment volume for projects benefiting from the JIC Law in 2020 increased by 26.4 per cent compared with 2019, to 376 schemes that are expected to generate some 24,000 jobs.

He said that the volume of these new projects totalled JD618.4 million, according to a JIC statement.