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| Jordan Overview |
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Situated in the heart of Arabia, Jordan is the investment destination of choice. The politically stable country is located at the convergence of Europe, Asia and Africa, making it the transportation hub of the Middle East. Jordan guarantees access to major international markets through several successful trade agreements and associations.
Jordan has a world-class infrastructure and communications with top notch technologies available within easy reach with great quality and very affordable prices. The telecom infrastructure offers a wide range of services such as: PSTN, toll free calling, digital leased lines, ISDN and ADSL services.
Jordan also gives investors a high quality of life, top-class public and private education, health services, a developed networking community, active local and international business associations, cultural centers, traditional festivals, cultural entertainment, events, a wealth of archeological sites and excellent clubs and restaurants. |
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| Investment |
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Jordan is classified by the World Bank as a "lower middle income country." It is a small country with limited natural resources. Through recent economic reforms aimed at liberalization of trade and attracting investments, Jordan has shown good performance and is thus considered as a regional economic role model.
The Jordanian government grants attractive incentives of tax and customs duty exemptions. This places the country's tax exemptions in the higher bracket when compared with other countries of the MENA region.
International investors seeking to diversify their portfolios are offered excellent opportunities in terms of customs tax holidays, income tax exemptions, 100% foreign ownership and unrestricted transfer of capital and profits in most major sectors.
Regional offices and offshore firms are treated on an equal footing with Jordanian firms and are entitled to the same privileges extended to local businesses.
Investment incentives covering income and social service taxes exemptions are granted to projects depending on the type of activity and the classification of the zone the project is located in.
Exemptions range from 25% to 75%. In addition, imported capital goods are exempted from customs duties and fees. Select imported raw and intermediate materials pay reduced customs duties and charges.
The GDP growth rate was 8.4% in 2004 and 7.2% in 2005. Being an energy dependent country, the recent rise in global oil prices has slowed down its economy; with a growth rate of 6% estimated in 2006. IMF forecasts a further slow down to 5% in 2007. |
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| Some indicators of market size 2005 |
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| Population (in millions) |
5.4 |
| Import of goods & services (in millions of USD) |
6.907 |
| GNP (in millions of USD) |
11.629 |
| Average real GDP growth (%) |
4.6 |
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| Foreign Direct Investment |
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| Figures in Billion of USD |
| 2005 |
1 |
| 2006 |
2.3 |
| 2007 |
(e)2.8 |
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| 7 Reasons to Invest in Jordan |
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