|10 July, 2019

Foreign direct investment to Jordan drops in Q1

The drop is attributed to a decline in foreign investments in the energy sector

AMMAN — Net foreign investments dropped by $33 million during the first quarter (Q1) of 2019, registering the lowest decline in a year.

The Central Bank of Jordan's (CBJ) primary data showed that direct foreign investments in the Kingdom fell to $251 million by the end of Q1, in comparison with a $284 million drop during the same period last year, the Jordan News Agency, Petra, reported on Tuesday.

The drop is attributed to a decline in foreign investments in the energy sector, despite the improvements shown by other direct foreign investment indicators. With the drop, direct foreign investments now equal 2.5 per cent of the GDP.

A steep fall in direct foreign investments was experienced during the first quarter of 2018, according to Petra. The investment volume this year is expected to stabilise around $1 billion, or 2.3 per cent of the GDP, the CBJ said.

© Copyright The Jordan Times. All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.

More From Levant