The volume of Saudi investments benefiting from the Investment Promotion Law as well as other investment in industrial estates until June 2010 totaled JD1.4 billion ($1.97 billion). Adviser at Jordan Investment Board (JIB) Nidal Dabbas, Thursday told Petra that since passing the Investment Promotion law in 1995, Saudi investments reached JD1.340 billion until last June, Global Arab Network said Thursday. The largest chunk of these investments, which stood at JD90 million, is in the industrial sector, with the hotel sector coming in the second place with investments worth JD164 million, he added. Saudi investments in the hospital sector stood at JD41 million, followed by entertainment and tourism sector JD21 million, agricultural sector JD12 million and transport and railways sector JD9 million. Director of Jordan Industrial Estates Corporation (JIEC) Amer Majali said since the establishment of the corporation, Saudi investors found in Jordan, an appropriate and excellent investment environment. The volume of Saudi investment in JIEC reached JD60 million, with 14 industrial companies”, Majali said. He added that the volume of Saudi investments in plastics industry stood at JD41 million, pharmaceutical JD9 million, metal and engineering industries JD5 million, while the total investment in food industry reached JD3 million and in chemical industries JD1 million. Majali highlighted incentives offered to Saudi investors by the corporation, which provide a full package of services that includes infrastructure, road networks and support services of streamlined and simplified registration and licensing procedures through an Investor One-Stop-Shop window. The volume of Saudi investments at the JIEC till June of this year totaled JD1.473 billion, distributed over 507 industrial companies.
