Jordan Times
Tuesday, April 20, 2004
JIB details investments during first quarter
AMMAN (Petra) — Investments benefiting from the
Investment Promotion Law rose during the last few months to around JD127.5
million spread over 100 projects compared to around JD110 million, distributed
among 98 projects during the same period last year.
Jordan Investment Board Director General Reem Badran said local investments
stood at around JD96 million compared to JD87.5 million.
In tandem, non-Jordanian investments rose to JD31 million compared to JD22
million, Badran indicated.
US and Canadian investments totalled JD6 million compared to around JD7.5
million while Arab investments declined by around JD3 million, reaching around
JD4.5 million from around JD7.5 million.
Investments by European countries reached around JD2 million compared to 0.5
million.
The largest portion of these investments were in the industrial sector,
accounting for JD109 million spread over 92 projects compared to JD103 million,
distributed among 85 enterprises.
Investments in the health sector ranked second, accounting for around JD9
million, around JD5 million of which were US and Canadian investments while the
remainder represented local investments.
During the same period last year, investments in the health sector stood at
JD0.6 million. Local investments in the tourism sector totalled JD6 million
while another JD3.5 million went to the hoteliers sector compared to JD4.5
million to finance hotel projects.