Jordan Times
Tuesday, March 30, 2004
Badran sees more foreign investments flowing this year
AMMAN (Petra) — Jordan Investment Board (JIB)
Director General Reem Badran expects more foreign investments to flow to the
Kingdom this year in view of the efforts exerted by the various economic sectors
to benefit from the available opportunities and to open new world markets for
national products.
Badran expected investments to be particularly in the fields of electricity,
aviation, industry, tourism, cars and garments manufacturing.
During the last two months, a total of 54 projects valued at JD47 million and
covering industrial schemes as well as hospitals and hotels, were launched in
the Kingdom, the JIB chief indicated.
She credited the visits by His Majesty King Abdullah to different world
countries, accompanied by representatives from the industrial and commercial
sectors, for the clear idea about investment opportunities available in the
Kingdom.
The agreements Jordan signed with the US, Europe and Arab countries as well as
the promotion campaigns carried out by the JIB helped stimulate the country's
investment environment, she remarked.
Last week in Spain, Badran briefed representatives of 20 companies working in
the fields of electricity, aviation, pharmaceuticals, vehicles licensing and
water to brief them on Jordan's conducive investment environment.
Spanish delegates are also slated to visit Jordan during the coming months to
discuss the possibility of launching investments in the Kingdom, she pointed
out.
Meanwhile, a Chinese delegation, currently in the Kingdom visited Al Duleil
Qualified Industrial Zone on Monday to get acquainted with investment
opportunities.
The Chinese apparel specialists visited 19 garment factories, which export its
products to the US market.