The Minister of Investment, Eng. Khairy Amr, indicated that the draft law regulating the investment environment for the year 2022; It is one of the modern laws that meet the aspirations of investors as it aims to enhance the competitiveness of the Jordanian economy and its ability to attract investment, and to develop legislation related to regulating the investment environment in Jordan.

At the meeting held by the Parliamentary Committee on Economy and Investment, today, Wednesday, Amro said that the draft law aims to reduce the procedures that impede doing business and economic activities and efforts to attract investments, and reduce the competitiveness of the economy in line with the government’s policy in organizing the investor’s trip in Jordan.

He pointed out that the compelling reasons contained in the draft law also identified the issue of encouraging investment in Jordan, by defining the principles on which the general investment policy is based, defining the rights, privileges and duties of investors, and treating them with justice, fairness and transparency, in accordance with the principle of the rule of law and international standards and practices.

The draft law also includes a set of incentives, benefits, and exemptions that encourage investment in Jordan, and defines the functions and powers of the Ministry of Investment and the Investment Council, and a ministerial committee for incentives and exemptions is established. To approve any incentives, advantages or exemptions for economic activities in any region of Jordan.