New investment law will attract more investments into Kingdom, OBG


(MENAFN- Jordan News Agency) Jordan's efforts to enhance its investment environment through new legislation, will contribute to attracting new foreign investments," according to the global publishing firm, Oxford Business Group (OBG).

The OBG said in a statement issued on Wednesday that Jordan Report 2015, looks in detail at the kingdom's newly-implemented investment law which should support the Kingdom's drive to attract foreign investment.

" The publication also considers the key role earmarked for the recently-established Jordan Investment Commission (JIC), which is expected to be instrumental in boosting and facilitating Foreign Direct Investment inflows by bringing several organizations involved in attracting capital inflows under one roof," it added

The JIC has signed a Memorandum of Understanding, MOU, on research with OBG for its forthcoming report on the Kingdom's economy.

Under the MOU, the JIC will collaborate with OBG as the official research partner for Jordan in setting the report about Jordan.

Montaser Oklah, JIC President, said he looked forward to working with OBG on the Group's 2015 project which, came as Jordan moved to make targeting investment for new initiatives as a priority.

OBG's Managing Director for the Middle East Jana Treeck said that despite a challenging regional backdrop, Jordan's reputation as a haven of stability, combined with its commitment to reform, sends a strong signal to foreign investors that the country remained open for business.


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