Jordan Times
Thursday, December 23, 2004
JIB to examine various factors influencing investments in Qualifying Industrial Zones
AMMAN (Petra) — Jordan Investment Board (JIB) CEO Reem Badran indicated on Wednesday that the JIB is planning to examine several investment-related factors in a bid to enhance the investment environment in the Qualifying Industrial Zones (QIZs). Badran's remark came during a visit to the Prime Five Garment Manufacturing Co. in Qastal. Badran highlighted the progress seen in the garments and textiles sector, saying that several Tunisian investors have recently visited Jordan to examine investment prospects in the sector. She also noted that the Kingdom will soon sign a QIZ agreement with the European Union in a bid to attract more investment to the country.
Investment in the garment and textiles sector currently exceeds $700 million.