Gov’t mulls comprehensive investment law — Amr

AMMAN — The establishment of the Ministry of Investment is aimed to unify all investment-related references, to come under a single umbrella, and create an attractive investment climate, Investment Minister Khairy Amr said on Tuesday. 

Speaking during a meeting with the Board of Directors of the Jordan Chamber of Commerce (JCC), investors and representatives from trade unions and associations, Amr noted that work is under way to consider all investment process-related laws and bylaws. 

The move aims to create a comprehensive investment law, one that focuses on venture protection and empowerment, as well as attracting further investments, the minister was quoted as saying in a ministry statement.

Regarding exemptions and incentives, Amr said that all offered incentives and exemptions will be reconsidered to be rechanneled in a way that could create real job-generating businesses. The minister noted  that in the upcoming stages, the private sector will be engaged in all decisions related to the investment process.