Developing in Investment Environment in Jordan from the Perspective of Jordan Investments Commission

Abstract

Globalization; along with its developed technology and wide opened window has facilitated interaction between countries that surpassed import and export. Attracting foreign investments to a country is an added value which helps in developing the workforce within the country and get use from different experiences that other countries employ. From that point, current study seeks to examine the influence of a group of CSF on the investment environment in Jordan from the perspective of Jordan Investment Commission. In order to achieve the aim of study, (412) questionnaire were distributed on senior managers, managers and tram leaders within JIC. Results of study indicated that foreign direct investment is a real means to achieve a number of objectives, including: decrease unemployment, exploitation of natural resources, contribution to the increase of GDP, the abundance of goods for domestic markets, increased exports, and technology transfer. What is important to us in all this is the transfer of technology from developed countries with direct investments to the host countries of this investment, where the transfer of the most efficient and developed means of production, since the foreign investor is always looking for the greatest return through investments in other countries, Create appropriate conditions for this.

The Current State of Investment Facilities and Their Impact on Attracting Foreign Investments: A Comparative Study between Turkey and the Hashemite Kingdom of Jordan

“…Jordan realizes that attracting foreign investments can contribute to developing its economy and promoting its capability to meet the needs of its citizens. The importance of attracting foreign investments in Jordan stems from the scarcity of the country's economic resources as well as Open Journal of Business and Management the need for importing international experiences, which may contribute to enriching technical knowledge in the country's economic sectors (Al-Froukh, 2019).…”

“…In Jordan, foreign investment is an important economic resource, and it plays a significant role in generating employment opportunities. Therefore, there have been major efforts for attracting foreign investments in Jordan (Al-Froukh, 2019).…”

“…In order to ensure establishing a strong investment climate, the law provides a list of requirements, including the construction of paved words, providing adequate transportation means, and distribution of petroleum/gas products and water. The law also provides a range of preventive and protective measures for guaranteeing the rights of investors (Al-Froukh, 2019).…”

The legal guarantees to protect foreign investment in Jordan

“…Foreign investment is the core foundation of the economies in most countries. On the contrary, the diversification of and elevating the financial resources of foreign investment rely on the majority of variables such as policies, incentives and procedures, removing barriers to accomplish success and organizing and directing the investment for attracting investments (Al-Froukh, 2019). The most innovative attributes of the investment policy in Jordan are the freedom of the investor for selecting the investment form and the lack of limitations on foreign ownership of investment projects, regardless of investing indirectly or directly (Al-Najjar, 2010).…”

“…The foreign investor not only cares about getting profits but is also interested in its transfer without restrictions and, therefore, hindering such transfer is an obstacle that discourages investment of foreign capital (Al-Froukh, 2019). Therefore, the Jordanian legislator has guaranteed the foreign investor the right to transfer his capital abroad.…”