Jordan is increasingly gaining popularity as an international business and investment hub. It has a unique combination of attributes that create an attractive environment for foreign business and investment.
These attributes consist of the following:-
Unique and Strategic Location
- Situated at the convergence of Europe, Asia and Africa
- Transportation hub of the Middle East
- Access to the Red Sea through the Port of Aqaba, and other ports via neighbouring countries
Stable Political Environment
- Stable leadership under the Hashemite monarchy, supported by the democratically elected Parliament
- Guaranteed freedom of speech, conscience, press, association, private property including intellectual property rights
- Firm commitment to private sector development
Free Market-Oriented Economy
- Economic policies based on outward-oriented, private sector-led approach
- Ongoing privatization of major state-owned enterprises
- Significant advances in structural and legal reform
Attractive Investment Climate and Package of Incentives
- Projects are exempted from income and social service taxes by 25%, 50%, or 75% for a ten year period, depending on the location of the project
- Imported fixed assets are 100% exempted from customs duties and taxes
- Imported spare parts for fixed assets can be exempted from fees and taxes
- Additional exemption from customs duties and income tax is granted for the expansion, modernization, or development of existing projects
- Revenues on exports exempted from income taxes
- Ease of licensing and registration procedures
- Free repatriation of capital, profits and salaries
- Hotels and hospitals may purchase furniture and supplies without customs duties once ever seven years for renewal purposes
Access to Major International Markets
- Duty and quota free access to the US market through the Qualifying Industrial Zones (QIZ)
- Duty free access to EU markets
- Access to 17 Arab countries through the GAFTA
- Bilateral agreements and favorable protocols with over 20 countries
- Member of the Multilateral Investment Guarantee Agency (MIGA)
Free Zones and Industrial Estates
- Jordan’s investors benefit from five public free zones and several private free zones
- There are six public industrial estates and six private industrial estates
- Cost-effective land and factory buildings
- Reasonable costs of utilities including power and water
- Access to wide range of ancillary services
- Comprehensive network of roads and infrastructure
Qualified and Competitive Human Resources
- Abundant workforce
- Young and highly educated population
- High literacy rates of 92%
- High rates of tertiary education
- Highly competitive wage rates
World Class Infrastructure and Communications
- State telephone company, Telecommunications Corporation was privatized into to a public shareholding company
- Choice of privately-owned Internet service providers
- Direct Royal Jordanian flights to 47 major cities in Europe, the Middle East, the Far East, North Africa and North America. Served by 26 international airlines.
- Modern highway network
- Major trucking lines ensuring the movement of raw materials to and from the port of Aqaba, as well as to and from ports of neighboring countries
- Port of Aqaba acts as a strategically located gateway to Jordan, the developing red Sea region, and the Middle East as a whole.
High Quality of Life
- Amenities of modern life readily available and affordable
- High standard public and private education provided in Arabic. English, and French.
- International standard health services at reasonable rates
- Developed network of communities, active local and international business associations and cultural centres
- Traditional festivals, cultural entertainment events, and a wealth of archeological sites
- Excellent clubs and restaurants
Jordan hosts a wide variety of dynamic sectors, various opportunities for private and joint businesses, private-public partnerships, numerous multi-sectoral development projects, and cutting-edge industries. Jordan stands out in the region for the countless investment opportunities that it has to offer.
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