Jordan Times
Sunday, June 7, 1998
Investments surge by 54%
AMMAN (Petra) — Overall investments in Jordan increased by 53.9 per
cent during the first half of this year compared to same period in 1997, according to
Investment Promotion Corporation (IPC) Director General Muntasser Oklah.
“Investors have benefited from the new incentives offered by the investment-promotion
laws,” Dr. Oklah said noting that investments reached JD l3l million during the first
half of l998 against JD 85.l million during the first half of l997. “Investments this
year were made in 68 projects,” he added.
According to Dr. Oklah, foreign and non- Jordanian Arab investments accounted for 52.2 per
cent and 30.9 per cent of the total respectively.
He said investors came from Canada, U.S., Europe and other countries in addition to Arab
Gulf states.
He said that around 35 per cent of the investments went into the industrial sector, 36 per
cent in hotel projects, l0 per cent in agriculture and nine per cent in each of the
maritime transport and railways.