Jordan- Value of investment projects getting incentives rises 12% to $1.1b 

(MENAFN - Jordan Times) The value of investment projects benefiting from incentives under the Investment Promotion Law during the first seven months of this year stood at JD805 million (1.1 billion), a 12 per cent increase over the figure recorded at the end of the same period last year. Awni Roshoud, acting chief executive officer of Jordan Investment Board (JIB), indicated that local investments represented 62 per cent of the total while foreign investments accounted for the remaining 38 per cent.

"The projects benefiting from the Investment Promotion Law were mainly in the industrial sector. Other investments went to hospital building, tourism and agricultural activities," Roshoud pointed out. "All projects were classified as value-added and income generating projects that will provide 14,263 jobs once they are implemented," he said.