Jun 17 2012
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New investment law to cut red tape -- Ammari
Industry and Trade Minister Shabib Ammari told a press conference in Amman on Saturday that the new law will ensure smooth registration and implementation of projects to benefit from the legislation.
Special committees will be tasked with facilitating and following up on all foreign investments in the Kingdom, with the authority to solve problems and hurdles facing them on the spot.
Describing the visit as a success, the minister announced that a large delegation headed by his Kuwaiti counterpart, Anas Al Saleh, is expected to visit the Kingdom to discuss prospects of further investments in Jordan.
The Kuwait-based Arab Fund for Economic and Social Development expressed interest in investing in the Kingdom's alternative energy projects.
Fund Chairman Abdul Latif Al Hamad also said the fund is willing in principle to extend soft loans to the JD150-million Governorates Development Fund.
© Jordan Times 2012
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