About the Ministry of Investment
The Ministry of Investment was established in 2021 and is considered the legal successor to the investment commission. According to Article No. 7 of the Investment Environment Law No.21 of 2022, the ministry shall be the main reference authority for Investment in the Kingdom.
It shall aim to :
01 Attract, Encourage and Promote Investment.
02 Ensure the sustainability of an attractive investment climate.
03 Enhance confidence in, develop and organize the investment environment.
To achieve its goals, the Ministry shall assume the following duties and authorities:
Prepare the Kingdom’s investment map draft, which shall identify the available Investment opportunities according to sectors and governorates, including private sector partnership projects, in coordination and cooperation with the concerned authorities, provided that it is updated on regular basis.
Promote investment opportunities available in the Kingdom, provide information and data to Investors and those who wish to invest, promote major economic and Investment projects, and follow up on the progress of their implementation
Implement the Kingdom’s investment policy and setting the necessary strategic plans and programs to encourage local and foreign Investments, including Investment Funds and Mutual Investment Funds.
Supervise the Development and Free Zones and regulate their work.
Provide support services to the Investors, including post-investment services.
Supervise the work of the Public-Private Partnership Unit.
Prepare sectoral studies and preliminary feasibility studies for available Investment opportunities, and build a database in this regard
Follow up the Kingdom’s classification and ranking in international investment reports and indicators, and work on developing and implementing the necessary plans to enhance the Kingdom’s investment competitiveness
Examine the grievance applications submitted by the Investors to verify the due process followed or the decisions issued by the Official Entity, and work to address the same in accordance with the legislations in force.
Prepare reports related to the implementation of plans, strategies and programs related to Investment.
Issue and update the guidelines for Investment and doing business in the Kingdom.
Facilitate the procedures, overcome the difficulties and remove obstacles faced by the Investors in order to start and continue their Economic Activity.
Investment Promotion Strategy 2023-2026:
The Jordanian government has realized the importance ofthe government of Jordan has recognized the crucial importance of investment and its great role in achieving comprehensive and sustainable economic development in the country. Hence, The Ministry of Investment (MOIN) has developed this investment promotion strategy (IPS) in close collaboration with the World Bank , and in consultation with the Ministry's partners from the public and private sectors, taking into account the best international practices in this field. This strategy has been adapted to correspond with the outputs of the modernization vision strategy and aims to achieve an annual economic growth rate of 5.7% in addition to creating (1) million new job opportunities. s. In particular, achieving these goals requires attracting investments with a value of 30.3 Billion Jordanian dinars over the next ten years.
To view and download the Investment Promotion Strategy 2023-2026, click here (file size 1305.2KB, file type PDF)