Jordan set to receive 'unprecedented' investments from Gulf — Wir

AMMAN – Investors from Gulf countries have offered to inject "unprecedented" large investments in Jordan, according to Jordan Investment Commission (JIC) President Thabet Al Wir. 

Wir was quoted by the Jordan News Agency, Petra, as saying on Wednesday that the commission received offers by Gulf investors, particularly from Saudi Arabia, to bring in "interesting and unprecedented" investments to the Kingdom in various sectors. 

Speaking at a meeting with investors from the industrial sector, he said the recent Royal visits to Saudi Arabia and the UAE resulted in "unprecedented" investment offers in several economic sectors.

Wir said the JIC is studying the priorities of these offers and their benefits, partciularly in the sectors of services, education, medicine, agriculture and industry, noting that the commission is concerned with involving the representatives of the industrial sector to draw visions, plans and strategies related to the investment process. 

The JIC president said the Investment Council has recently recommended several investment opportunities in the industrial sector by directing the investments to areas that still in need of development, adding investors will benefit from tax incentives and other benefits related to the labour force, Petra reported. 

"The Investment Law was made to meet the demands of growth and development," Wir said, indicating that the government appreciates the industrial sector's role and its contributions to the national economy.