Investment opportunities in Jordan after Effects of COVID 19

The government of the Hashemite Kingdom of Jordan proved high efficiency in crisis management during the Pandemic of COVID 19, Jordan proved its economic stability on a global scale throughout this period which promoted Jordan’s investment opportunities that drove the attention of many Investors to consider investing in certain main industries, this includes Health Care Industry, Medical supplies, Hygienic supplies, as well as agricultural industry and the Information and Communication Technology (ICT).

As per the JIC president Dr. Khaled Alwazani, the number of investments that came from the citizenship by investment program in total at its latest update is 147 investors, who invested in total the amount of 1 Billion U.S. Dollars, those were in different sectors of which only 5 invested in Jordanian government bonds a total amount of around 9 million Jordanian dinars, and 10 investors in the real estate sector investing a total amount of around 20 million Jordanian dinars as for the remaining they were invested in different sectors and companies creating 5,617 jobs to Jordanian citizens. 

The JIC are the authority that accept and approve the investment proposal of the investor interested in the citizenship and passport of Jordan, stating that the demand is very high from foreign investors who are encouraged to become jordanians and continue with their investments in Jordan noting that the JIC are promoting the business opportunities in Jordan through the Digital tools and application of JIC to make it easier for investors to navigate the possible investment opportunities as well as pushing investments towards regional areas in Jordan and making available all viability studies for all possible projects and investment opportunities for the phase after the COVID 19 era.

The challenges that came across during the pandemic, made a great leap in technology usage, creating new online tools which helped in completing 1,400 applications within only 2 months to comply with investors services in general, these enhanced steps helped accelerate requests processing and avoid bureaucracy in approving businesses in Jordan.

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