An informed source confirmed that the government is seriously considering adopting a new investment law that takes into account the regulation of the investment environment and business practice at the beginning of next year.

The source, who preferred not to be named, indicated to Al-Rai that the aim of modernizing the law is to achieve competitive gains that would attract foreign investments and investors to the Kingdom, especially that the current law does not meet ambitions due to the multiplicity of references in parallel laws, regulations, and instructions. The goal is to unify the references in one law and organize The investment environment and the business environment and the elimination of bureaucratic legislation.

The source indicated that the government seeks, within the priorities of its economic work, to organize and develop investment by increasing the flow of foreign direct investment by 15% and increasing the total capital formation by 10%, which comes from it during the next two years, by encouraging investment and developing sustainable relations with existing investors and potential investors.

And activating the unified model for managing public investments and public-private partnerships to implement the project across all government institutions.

The source added that the decline that was achieved in attracting foreign investments in a large percentage during the first half of this year and last year, makes the government enthusiastic and more motivated towards a new law that removes all previous obstacles through a unified reference to the investor, indicating that the government started the first measures to encourage investment to reduce costs Energy on the economic sectors, which makes the investment return more beneficial and feasible for investors wishing to invest in the Kingdom.

It is noteworthy that the volume of foreign investment during the first half amounted to 25.8 million Jordanian dinars, at a rate of 10.8% of the total investment volume, while the total investments benefiting from the investment law during the first half of 2021 amounted to a total of 239.7 million Jordanian dinars, with the number of The projects benefiting from the investment law are 207 projects, and the expected employment size as recorded by investors is approximately 7.9 thousand job opportunities.

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