Private sector investment in Jordan rises 5 per cent

05 February 2009
Businesses increased their investments in Jordan by 5 per cent during 2008, according to figures released by the Jordan Investment Board on 4 February.

Total direct investment in Jordan reached JD2.3bn ($3.2bn) in 2008, up from JD2.2bn in 2007. Foreign direct investment was JD560m.

In a statement, Jordan Investment Board's chief executive officer Maen Nsour said that he would announce a new five to seven year strategy to attract foreign investors within the next few months.

The statement said, "The strategy will serve as a roadmap for all economic actors, helping to attract more investments and fostering the investment environment in the kingdom."

Of the JD2.3bn of investments, some JD1.4bn went into the industrial sector, JD688m into hotels, JD86m in transport projects, JD45m into hospitals, and JD81m was split between a range of different sectors.

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