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- U.S- Middle East and North Africa Trade and Investment Conference in Jordan
The Business Council for International Understanding,
Unaited States Department of Commerce,
and U.S- Jordan Business Alliance
are pleased to announce The United States - Middle East and North Africa Trade and Investment Conference
- first private car assembly and manufacturing plant in Jordan
first private car assembly and manufacturing plant in Jordan
A Jordanian firm on Tuesday signed an agreement with a Chinese company to set up the first private car assembly and manufacturing plant in Jordan, with a starting capital of $30 million, Agence France-Presse reported.
- Call Centers in Jordan: an expanding industry
Call Centers in Jordan: an expanding industry
In May of this year the Jordan-based outsourcing company CrysTelCall unveiled its plans to open the first independent contact center in Jordan with an investment of more than JOD 5 million over the next 5 years. The center will house about 600 professionals and offer multilingual services (in Arabic, English, French, and Spanish).
- Jordan Investment Board opens representation office in Kuwait
Emir of Kuwait Sheikh Sabah Al Ahmad Al Jaber Al Sabah received on Tuesday Industry and Trade Minister Salem Khazaaleh and the accompanying delegation who are visiting the Gulf country on the opening of the Jordan Investment Board (JIB) first representation office abroad.
- Jordan Investment Board partners with Oxford Business Group to produce authoritative report
As the economy of Jordan continues to be stimulated by strong growth in real estate, tourism and financial services, Jordan Investment Board (JIB) has partnered with the leading UK based publishing, research and consultancy company Oxford Business Group (OBG) to compile a comprehensive English language review of the country’s economy and business environment
- King meets executive directors of American companies
His Majesty King Abdullah affirmed Jordan’s commitment to comprehensive development despite the regional challenges.
- Hot Line Service
In response to the growing needs of our investors, JIB is pleased to launch the free of charge hot line service.
- CEO of the Jordan Investment Board Meets Chilean Ambassador
Amman, Jan. 17 (Petra)—Chief Executive Officer (CEO) of the Jordan Investment Board (JIB) Maan Nsour discussed with the Chilean ambassador to Jordan Luis Palma, bilateral ties, means of developing them in the various fields and the exchange of visits among investors and businessmen from both countries.
- The Jordan Investment Board – Main Achievements in 2006
The Jordan Investment Board is a governmental body that enjoys both financial and administrative independence. It was established by means of the Investment Promotion Law of 1995 and the Investment Law of 2003. The JIB was created in order to enhance local investment and increase foreign direct investment, as essential motors for technology transfer, creating new job opportunities, and increasing national exports.
- Kuwaiti Investors and businessmen praised the investment climate in Jordan
Kuwaiti Investors and businessmen praised the investment climate in Jordan and affirmed willingness to invest in the country.
- Jordan may set up more special economic zones in future — King
LONDON, November 7 (Petra) — His Majesty King Abdullah on Monday said Jordan might set up more special economic zones in the future, after the successes achieved by the five-year-old Aqaba Special Economic Zone (ASEZ).
- Signing New BIT with Finland
Jordan signed on November 1st, 2006 bilateral investment treaties with Finland
- Industrial Sector/ Al-Rajjhi Group-Saudi Arabia investing 300 million J.D. in Jordan
Al Rajhi Group will be opening two Cement factories in Jordan with a total investment of 300 million J.D. The two factories will create approximately 1000 jobs. The group is highly diversified and operates throughout the Kingdom of Saudi Arabia .
- Industrial Sector / Al-Kharafi Group-Kuwait Investing 180 million J.D. in Jordan
Al Kharafi Group of companies one of the leading gurus worldwide, will be investing more than 180 million J.D. in Jordan. The group will be opening a Cement factory and Slaughter House.
- Tourism Sector / Rotanna Hotels – U.A.E, investing 70 million in Jordan
With a growing reputation as a leading hospitality management company in the Middle East, the Rotanna hotels will be investing 70 million J.D. in Amman Rotanna. The hotel will consist of 450 rooms and suites, outstanding food & Beverage venues, state of the art meeting rooms as well leisure facilities. The hotel will create up-to 800 jobs within the next 2 years.
- The New Investment Law
The New Investment Law
The Minister of Industry and Trade on July 24th, 2006 unveiled the new draft investment law. The Minister confirmed government's commitment to constantly enhance the investment environment and boost Foreign Direct Investment.
The new investment law can be tagged as a modern and flexible one, with a broader incentive package.
Additional empowerment to the One Stop Shop could be overseen too.
- Surging Private Investments
Jordan Investment Board announced a first half-year approved investments of $741 million for 2006, an increase of 16% compared to the same period in 2005.
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- Damac Properties launches "The Heights" in Jordan
Damac (Dubai), a leading private sector developer announced its new real estate investment in Jordan, "The Heights" a $120 million residential tower that consist of 32 storey tower. The project expected completion date will be June 2010.
- Batelco buys out Umniah Mobile
Batelco has agreed to purchase a 96 per cent stake in Umniah Mobile Communications (UMC) for $415 million, Umniah is the latest GSM mobile operator in Jordan offering nationwide coverage, with over 460 base stations across the country, to more than 500,000 mobile subscribers.
- France Telecom acquires a majority interest in Jordan Telecom
France Telecom announced the acquisition of 10% plus one share in the capital of Jordan Telecom, for a total of 129 million Jordanian dinars, representing approximately 145 million euros. This acquisition will be made through JITCO, a wholly-owned subsidiary of France Telecom, which has already held a 40% stake in Jordan Telecom since January 2000.
- Sun opens its first lab in Jordan
Sun Microsystems has opened its first academic laboratory at the King Hussein Foundation's Jubilee School in Jordan. Jubilee School will be the first educational establishment below higher educational level to be home to a Sun Academy.
- Kuwaiti investments in Jordan surpass $4 billion
The Kuwaiti investments in Jordan were the biggest compared to Arab and Western countries that exceeded $4billion, in many economic sectors (industry, tourism, financial services).
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