PM: Investments attracted during Covid-19 reflect confidence in Jordan's economy

Jordan has demonstrated its strength, resilience and solidarity, and enjoys "robust" institutions that have enabled it overcome challenges and hardships, to then emerge a stronger nation, Prime Minister, Omar Razzaz, said.

During his visit on Wednesday to the Jordan Investment Commission (JIC), Razzaz noted the volume of investments that Jordan attracted during the Covid-19 pandemic period "reflects confidence in Jordan and its economy," adding the new 52 investments in the industry, tourism, health and information technology sectors are worth JOD50 million, and employ about 1,100 Jordanians.

Speaking during the meeting with the JIC Chairman, Khaled Wazani and a group of local and Arab investors, Razzaz said the Eurobonds issuance recently made by Jordan was oversubscribed six-fold and with a lower interest "than we expected."

His Majesty King Abdullah II is counting on investment, and always focuses on having an opportunity to make Jordan a regional hub to attract investments that serve the country, the region and the world, according to Razzaz.

The PM continued to say: "We are determined to learn from the Covid-19 pandemic experience to help recovery and boost resilience of the Jordanian economy, both in energy and water fields, as well as our foodstuff storage, industrial and export capacities."

On Jordan's investor appeal, the PM pointed to Jordan's "competitive" sectors, adding the whole world is looking for investment opportunities in a "stable" environment, as major companies flock the Kingdom to open branches.