Mar 25 2009 |
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JIB preparing a draft law on investment promotion
AMMAN (Petra) - Jordan Investment Board (JIB) is preparing a draft law on investment promotion in line with the Income Tax Law, JIB Chief Executive Officer Maen Nsour said on Monday. Speaking at a meeting organised by Jordan Exporters Association, Nsour said the draft law eliminates obstacles hampering investments through unifying projects' legal references and providing a legislative framework for the investment window.Calling for more support for local investments, he said local investments that benefited from the Investment Promotion Law accounted in 2008 for JD1.9 billion while foreign investments totalled JD560 million.
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