Is Jordan a fertile investment environment?

Al - Anbat- Yara Badosi 

 Translated by- Neveen- Al- Jarrah 

After the process of economic development and modernization that Jordan is pursuing to achieve a future and a prominent position among Arab and foreign countries, it was able to possess many elements that qualified it to be one of the most important competing countries in the world of investment. To know these elements, "Al- Anbat" contacted economists.

Where the investment and business expert, Muhammad Al-Qaryouti, saw that the investor is smart and before deciding in which country he wants to invest, he looks at the investment return and the nature of investment laws in Jordan, in addition to the strength of the local currency in this country, pointing out that the problem of leaving some investors from Jordan is due to their lack of compatibility with the legislation investment.

He stated that Jordan is distinguished by the strength of its currency and that it is the main currency in circulation in it, unlike some other countries around the world, and even the foreign individual trades his daily life and dealings in the Jordanian dinar completely, and in this context the Jordanian dinar maintains its strength and its monetary and purchasing value, which in turn is reflected in the strength of the economy, pointing out that the policy The monetary used in Jordan is based on the strength of the dinar, and he described it as a "prudent policy" in terms of its ability to maintain the strength of the currency and considering it basic in circulation, pointing to its association with the strongest currency in the world, which is the dollar.

He added that the cash reserve of the dollar in Jordan is estimated at 17 billion dollars, and it is almost one of the highest percentages of foreign currency cash reserves, and it suffices approximately 8-9 months of the country's need for reserves, indicating that they are all indicators of the stability of the local currency and the ease of trading other currencies against the state's currency, stressing The Jordanian dinar is the fourth strongest currency in the world, and it is inevitable to say that the process of trade exchange between Jordan and the world plays an important role by making it a good destination for investors in Jordan, indicating that it is imported from almost all countries of the world except for the prohibited countries and is exported to 142 countries out of 189 and amounts to 1,500 commodities different.

He explained that the trade exchange process is characterized by ease, especially by activating all types of "land, sea and air” freight, pointing to the security and safety enjoyed by the Jordanian reality, which is of paramount importance to the investor, in addition to the geographical location distinguished by Jordan’s mediation between several Arab countries, and its openness to Other countries, in addition to the climatic diversity in it.

Al-Qaryouti stated that the sectors that were directed through the new vision are among the most desirable sectors for investment, and they have special privileges with regard to exemptions and customs, most notably the industrial, health and educational sectors, information technology and mining, especially after the role that the mining sector played in 2022 in raising the trade balance. Jordan, raising the market value of the financial market and raising government revenues from tax collection, pointing out that the growth rate is very huge in this sector, pointing out the importance of the agricultural sector despite the challenges it faces.

In the same context, the economist, Wajdi Al-Makhamreh, described Jordan as a country of security and safety, which is the most prominent characteristic of it in the investment and economic terms, in addition to the government's orientations towards the new investment environment system, indicating that it constituted a qualitative awakening in Jordan to encourage investment further.

He explained in exclusive statements to "Al-Anbat" that there are quick decisions on the issue of attracting investments, which is considered the largest circle of positive trends to have an investment country competing with other countries.

It is worth noting that the signing of the quartet industrial partnership agreement between Jordan, the UAE, Egypt and Bahrain enhanced the importance of Jordan and its position among countries to occupy an economic position that made it one of the best options for investors from neighboring countries.