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Jordan takes measures to promote investment and the role of the private sector

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Rocky


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Jordan takes measures to promote investment and the role of the private sector



November 15, 2015 0


The Government of Jordan considers that the UK economy is in a sound position, in light of regional and international political and economic conditions, which implemented measures to promote investment and partnership between them and the private sector.

Finally it announced the budget for 2016 with a deficit equal to 3.1 percent of GDP, compared to 3.4 percent this year.

Finally stressed the Jordanian Prime Minister Abdullah eagles that "the economy's performance in these circumstances steady and strong and moving in the right direction."

He assured in a press conference held to announce the investment decisions of the Council, that "There is no fear on the economy in spite of the circumstances that surround us."

"The Board of Investment has passed resolutions, Recognizing the government the importance of domestic and foreign investment support, most notably the granting of additional benefits for the IT sector due to its role in creating jobs and increasing exports, high contribution to the national economy by up to 12 percent of gross domestic product." .

He pointed to the Eagles "granting additional benefits for the transport sector in order to develop and improve the level of services provided to citizens, as the Board of Investment has decided to ask the cabinet to approve the exemption of companies operating bus rapid transit between Jordan and the areas of customs duties and sales tax. In addition, the labor exemption on public passenger transport lines companies from customs duties and sales tax under certain conditions. "

He disclosed that the decisions issued by the Board of Investment "to extend the exemption unfinished investment projects during the period of the exemption granted to them in the previous legislation, the exemption of commercial activity in the free zones of the income tax."

The Minister of Planning and International Cooperation of Jordan Imad Fakhoury in a separate press conference that Jordan is "a leader in the field of utilization of loans and grants provided by the European Bank for Reconstruction and Development which states, and that the value of these loans and grants amounted to $ 480 million, the private sector carried out 99 percent of them, indicating the seriousness of the government in cooperation with the bank to give the private sector the leading role in the development process management. "

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