Contents 1. Demographics & Geography 2. Facts & Figures Trade with Italy SMEs in Jordan 3. Cooperation & Growth Opportunities Investment and Business

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1 Jordan Hana Uraidi JEDCO Bashar Al Zubi Jordan Investment Authority Nada Al-Waked Jordan Chamber of Industry Muhannad Al Attar Amman Chamber of Commerce EMDC 3 6 June 2014

2 Contents 1. Demographics & Geography 2. Facts & Figures Trade with Italy SMEs in Jordan 3. Cooperation & Growth Opportunities Investment and Business opportunities Focus Sectors & Success Stories 4. Relevant Organizations i. Who we are? And What do we do to support Business? Ii. Public Sector : Jordan Enterprise Development Corporation & Jordan Investment Authority - Private Sector : Jordan Chamber of Industry & Amman Chamber of Commerce How can/will we optimize the benefits of this project? Questions and Answers Thank You and Contacts

3 1. Jordan Demographics & Geography Population: 7,930,491 (July 2014 est.) Age Structure: 0-14 years: 35.8% (male 1,457,174/female 1,385,604) years: 20.4% (male 826,482/female 788,950) years: 35.7% (male 1,421,634/female 1,412,888) years: 3.9% (male 160,224/female 169,965) 65 years and over: 5.1% (male 145,515/female 162,055) (2014 est.) Median Age: total: 21.8 years male: 21.5 years female: 22.1 years (2014 est.) Population Growth Rate: 3.86% (2014 est.)

4 2. Facts & Figures - Economy Jordan's economy is among the smallest in the Middle East. GDP: $40.02 billion (2013 est.) country comparison to the world: 105 GDP: Real Growth Rate: 3.3% (2013 est.) country comparison to the world: 107 GDP Per Capita: $6,100 (2013 est.) country comparison to the world: 150 GDP Composition By Sector: Agriculture: 3.2% Industry: 29.9% Services: 67% (2013 est.) Agriculture Products: citrus, tomatoes, cucumbers, olives, strawberries, stone fruits; sheep, poultry, dairy. Industry Products: clothing, fertilizers, potash, phosphate mining, pharmaceuticals, petroleum refining, cement, inorganic chemicals, light manufacturing, tourism Unemployment: 14% (2013 est.) country comparison to the world: 134

5 2. Facts & Figures - Economy Inflation Rate 5.9 % (2013 est.) Commercial Banks Prime Lending Rate 8.9 % (May 2014 est.) Exports $7.914 billion (2013 est.) country comparison to the world: 101 Export Commodities clothing, fertilizers, potash, phosphates, vegetables, pharmaceuticals Export Partners US 16.6%, Iraq 15.1%, Saudi Arabia 11%, India 10.5%, Indonesia 4.2% (2012) Imports$18.61 billion (2013 est.) country comparison to the world: 79 Import Commodities: crude oil, machinery, transport equipment, iron, cereals Import Partners: Saudi Arabia 23.6%, China 9.4%, US 6.7%, Italy 4.7%, Turkey 4.6% (2012) Exchange Rate Jordanian dinars (JOD) per US dollar (2013 est.) Budget (+) Surplus/(-) Deficit: -11.3% of GDP (2013 est.) country comparison to the world: 207

6 2. Jordan Trade With Italy Year Import Domestic Total Balance Exports Exports Product s from plastic 2% Furniture 2% Main Imports from Italy 2013 Others 21% Mineral oils & products 25% Import Domestic Exports Total Exports Balance Electrical machinery and equipment and parts 22% Main Exports to Italy 2013 Pharmaceutic al products 3% Articles of jewellery and parts, of gold 11% machinery and mechanical appliances;pa rts 14% Garments 6% Others 22% Articles of jewellery and parts, of gold 49% Organic or inorganic chemicals 9% Fertilizers 14%

7 Importance of MSME In Jordan Represents 98% of Jordanian Companies MSMEs Contribution to the Economy 2013 Employs 70% of total labor force Outputs contribute 40% of GDP Accounts for 45% of Total Exports

8 A nation of very small enterprises 156,728 non-agricultural enterprises (2011 Establishments Census) 97% have fewer than 10 employees, disproportionately high compared to 92% across the EU Almost 92% have fewer than five employees; only 8.5% have more than four workers Only 0.16% has more than 249 workers Over 70% of the enterprises were started in the previous 10 years Estimated total number of formal and informal enterprises = 436,000 Informal MSMEs account for almost two-thirds of total 1.77% 1.08% 0.35% 0.27% 0.03% 4.90% 0.12% 91.47% Source: 2011 Establishments Census, Department of Statistics 8

9 MSMEs contribution to employment Private non- agricultural enterprises employ 69% of all workers in Jordan; those with < 100 workers account for 46% (2011) Enterprises with < 100 workers account for 2/3 of jobs in private non-agricultural enterprises Just over 1/3 of the private sector enterprise jobs are in microenterprises (1-4 workers); and 1/3 in 100+ worker enterprises Growth in non-agricultural enterprise employment grew annually by about 2% from , much slower than annual growth of 6.6% from Share of employment in enterprises with 100+ workers has been increasing + accounted for 51.5% of net increase in private enterprise employment from 2001 to 2011.while share of employment from enterprises with < 50 workers has been shrinking Enterprises with workers had least impact on net job growth But average firm size has increased - from 3.8 employees in 2001 to 4.4 employees in 2011 Source: Department of Statistics 9

10 Jordan enterprises small in revenue size and start-up financing requirements In 2011, 35% of active establishments reported annual revenues of < JD 5,000 60% no more than JD 10, % no more than JD 100,000 Only 0.6% reported revenues of > JD 1.5 million 60% 42% of nascent entrepreneurs are starting their businesses with less Distribution of Start-up Capital than US$10,000 Needs by Size-Jordan, 2009 Over 61% with less than US$20,000 < $5,000 Almost 70% of them were investing personal amounts of less than $5,000-$9,999 US$10,000 in the venture $10,000-$19,999 About half of the entrepreneurs $20,000-$49,999 plan finance all their needs $50,000-$100,000 personally and the rest to receive financing from external sources > $100, % 10% 20% 30% Source: 2009 GEM data

11 MSME and sector distribution 57% of private enterprises are in Wholesale/ retail sector (2011); 14.2% in manufacturing These sectors are biggest employment generators (30% and 26% of workers, respectively) Enterprises < 50 workers account for well over 90% of enterprises in all sectors, except finance/ insurance activities, and account for 60.2% of sector employment 95% of wholesale/ retail enterprises have 1-4 workers and account for 68% of employment in the sector 81% of manufacturing enterprises have < 5 workers, employing 21% of workers in the sector, but the 1.2% with 100+ workers employ 50.7% of the sector s workers From , manufacturing, and hotel/ restaurant enterprises contributed most to growth in the number of enterprises; while the construction, trade, and manufacturing sectors contributed most to employment growth

12 MSMEs in Jordan Similar to other countries in the world, key challenges faced in Jordan are: A non-conducive business environment Limited access to advisory services Limited marketing & promotion strategies Limited access to domestic & global markets and associated barriers to trade Management and technology capability constraint Low value addition and not competitive Low productivity Lack of training and entrepreneurial skills development Limited capability in R&D and technology Difficulties in obtaining financing

13 3. Cooperation & Growth Opportunities

14 INVEST IN JORDAN

15 Why Jordan? Rule of Law and Regulatory Environment Excellent Regional and international relationships A model of moderation and security Qualified Human Capital to build a Knowledge Based Economy Expenditure on education is 97% of Government Expenditures Strong anti-corruption efforts Free trade market principles One of the highest rated country in the world in terms of engineers, physicians and nurses per capita Government programs to fill in the gap between market needs and educational output, in addition to programs to subsidize new graduate wages in the ICT sector Modern Infrastructure Network of roads and railways that connect the region to over 390 million customers Telecommunications sector fully liberalized since 2005 Attractive Investment Environment Jordan is committed to protecting investors rights regardless of their nationality Jordan possesses a strong and impartial judicial system that is committed to international standards Modern telecommunications infrastructure Attractive incentives for investment One of the most stable and solid banking sector in the region Jordan possesses one of the region s best laws on labour and foreign labour Attractive incentives for investment One of the most stable and solid banking sector in the region 15

16 Why Jordan? Growing number of FTAs since 1997 Member of WTO since nationalities in industrial and service sectors own companies in Jordan 51.3% of shares of publicly listed companies on Amman Stock Exchange are owned by non-jordanians Equal treatment between Jordanians and non- Jordanians 100% Foreign Ownership under the Investment Promotion Law Legal Framework that encourages investments No restrictions on capital transfers and repatriation of profits 55 Bilateral Investment Treaties 27 Double Taxation Agreements, and Visa upon entry at the Airport 16

17 Why Jordan? Growing, Robust & Stable economy Political Stability, Security & Rule of Law Favorable Business Environment Skilled & Qualified Human Capital Modern & Well Connected Infrastructure 17

18 Infrastructure Development Jordan has well-developed infrastructure stocks and is ranked in the top 30% of countries around the world in terms of the quality of its overall infrastructure (WEF, 2012). INFRASTRUCTURE DEVELOPMENT Access rates are virtually 100% for: Transport water supply sanitation facilities mobile telephone subscriptions Access to the internet rate is above the Arab region average of 26.9% (World Bank). The quality of Jordan s air transport infrastructure, electricity supply and roads is particularly good by global standards 18

19 Investment Climate

20 Global Competitiveness Report 2012/ 2013 World Economic Forum Rank (out of 144) Score GCI GCI (out of 142) GCI (out of 139) Basic requirements (40.0%) Institutions Infrastructure Macroeconomic environment Health and primary education Efficiency enhancers (50.0%) 70 4 Higher education and training Goods market efficiency Labor market efficiency Financial market development Technological readiness Market size Innovation & sophistication factors (10.0%) Business sophistication Innovation Stage of development Business sophistication Market size Technological readiness Innovation Financial market development Jordan Institutions Labor market efficiency Infrastructure Goods market efficiency Efficiency-driven economies Macroeconomic environment Health and primary education Higher education and training

21 Index of Economic Freedom 2013 Heritage Foundation Jordan is ranked 4th out of 15 countries in the Middle East/North Africa region.

22 Investments Benefiting from the Investment Promotion Law (IPL) ( )

23 Number of Projects Investments Benefiting from the IPL and number of projects ( ) Investment million JD 600 2, , , ,023 1, ,821 1, ,000 1,500 1,

24 Investments Benefiting from the Investment Promotion law (IPL) Size of Investments Jobs Created 3,500 32,818 35,000 3,000 30,362 30,370 28,775 30,000 2,500 24,204 22,516 24,834 23,075 22,360 25,186 22,000 25,000 2,000 19,351 20,000 16,164 1,500 15,000 1,000 10, , Domestic Foreign Jobs Created -

25 Improving the Investment Climate Judiciary Enhancing Transparency Other Physical endowment** HR Quality Constant Training And Building Capacity Policy Refining Investment Policies Investment Climate Laws, Regulations The New Investment Law (2012) Physical Infrastructure PPP law and Investment in Mega Project DRSC Level of Technology Increasing the R&D spending Innovation, Science Parks, and Incubation

26 Efforts to improve the Investment Environment Government in May 2014 issued a Law on Restructuring Public Institutions and Departments; this law provides, notably, for the restructuring of the institutional investment framework through the merge of investment-related institutions into an Investment Commission. The second important law is the Investment Law 2014, this law has been approved by the Government after a long consultation with the private sector. The Investment Law 2014 is in the Legislative Process for Approval and Parliamentary Endorsement (expected June 2014)

27 Priority Sectors

28 Energy & Renewable Energy Located within world solar belt; days of full sunshine, with solar irradiation levels of 2600Kwh/m 2. Wind speeds reach an average of 7 meters/sec in several locations. 40 billion tons of oil shale, 14 billion tons of silica, and 2% of the world s uranium reserves Among the highest engineers per capita ratios in the world; 1 engineer per 83 inhabitants in Committed governance and pro-investment Renewable Energy and Energy Efficiency Law Groundbreaking energy strategy with estimated investments of $1.4 to $2.1 billion in the sector. Geopolitical advantage. Grid connectivity to MENA and Europe regions Business Opportunities: Photovoltaic cells Wind turbines and PV invertors Participant in turnkey projects Desalination projects

29 Solar Energy Ma an Development Area is perfectly suited for solar power generation Existing infrastructure and attractive investment incentives Highest solar irradiation levels in the Kingdom Low humidity and dust level increase generation efficiency Connection to national electricity transmission grid

30 Consumption (GWh ) Energy Supply and Demand 16,000 14,000 12,000 10,000 8,000 6,000 4,000 2,000 0 Electricity Consumption Average growth rate of 5.5% annually

31 Home Energy Challenges No indigenous energy resources High dependency on imported energy Our Challenge In Jordan Primary energy demand is expected to double between 2008 and 2020 High cost to the economy with energy imports accounting for more than 13% of GDP 31

32 Investment in Energy Sector In order to achieve our transformational master energy plan, we are investing over $17.5bn in our energy sector $2,400 Natural Gas $6,000 Enegery Efficiency $150 $4,000 $2,000 Power Sector $5,800 $0 Oil Shale $3,800 Oil $3,400 Renewable Energy $2,100 Your opportunity to leverage our strategic focus on the top half of the green energy value chain covering opportunities in assembly, installation, integration, testing and support With a fast growing local market acting as your test bed and a strategic geographical location providing a launch pad to the region, Jordan is the natural home for your energy investment 32

33 Energy Master Plan Natural Gas, 36% 2008 Imported Electricity, 2% Renewable Energy, 2% Oil, 60% Imported Electricity, 1% Natural Gas, 29% 2020 Oil Shale, 14% Nuclear Power, 6% Renewable Energy, 10% Oil, 40%

34 Transport Open and interlinked Air networks: World class airport expansion (9 million passengers) and management by AIG (USD 750 million),open Skies (25 agreements are in place), RJ direct flights to 58 destinations and 700 through One World Alliance. High speed road connections: major expansion of road networks with an annual budget of USD 700m. Projects include Amman and Irbid ring roads, dedicated bus lanes, Amman Metro Project by Continent Connecting Rail: Master railway plan to connect Europe-MENA-Asia and light railway project. Multi-modal marine hub: Aqaba new port (general cargo, Ro-Ro, grain, ferry terminals and Aqaba Logistical Village). Business Opportunities: Aqaba new port Develop and expand Airports Railway

35 ICT industry Total ICT revenue in 2012 estimated at USD 2 Billion Jordan total ICT exports in 2012 reached USD 235 million where 85% of these exports targeted Arab countries. Top export markets are the Saudi Arabia, Iraq, UAE, and USA. Large labor pool of ICT professionals: Employment in the sector increased to 16,000 in ICT tailored educational system from elementary to post graduate Government wage subsidies covering the training and salaries of fresh graduates employed by the sector (50% subsidy for the first year and 25% for following 6 months) Business Opportunities: Design studios for gaming and animation and localization of content. Equity funds (VC) to target growing IT start-ups in Jordan and the region (seed, growth and beyond). Customer Call Center. BPO/ITO Service Park an export hub for back-office business and IT services. E-learning Arabized content Software Technology Park Financial sector IT solutions

36 Pharmaceuticals and Clinical Trials Pharmaceutical exports reach more than 60 countries worldwide with more than 80 patents registered in Europe, the United States and Japan. 18 players with international certifications (1 listed on LSE). Exports reaching USD 643 million in 2012, 30% less cost than Europe and USA in clinical trial testing. Market driven legislations: Strict adherence to Intellectual property laws and enforcement 11 universities with medical subjects, 8 pharmacy colleges, 7 clinical research organizations (CROs). World class Medical infrastructure: Jordan is the region s medical treatment hub (ranked no.1 as medical tourism destination according to World Bank) Business Opportunities: CROs New manufacturing plant. Under license manufacturing of antibiotics, anti ulcerants and niches Production of Herbal medicines from plant extracts R&D Facilities

37 Tourism The tourism sector contributed around 14% to the GDP in 2012 The total number of tourist arrivals was 4,911,381 million until September of 2012 with receipts of USD 3.4 billion. Roads, airports and ports connect Jordan to the region and the world Jordan has 497 classified and nonclassified hotels with 24,612 rooms Jordan has 106 hospitals with 45,877 beds New tourism focused development zones have been declared at the Dead Sea and Jabal Ajloun Business Opportunities: Hotels (3, 4, and 5 stars) Theme Parks Water Parks Boutique Hotels Country Side Cottages

38 Healthcare Regional health destination of choice. The revenue from Medical Tourism exceeded USD1 billion in 2012, with over 250,000 foreign patients. Jordan has 106 Hospitals, 6 of which are JCI accredited Healthcare costs in Jordan are fraction of the cost of that in Europe and USA The Dead Sea is located 400 meters below sea level, the lowest natural point on the surface of the earth. The Dead Sea enjoys 8 % richer oxygen content than sea level, and lower levels of harmful UV ray penetration Jordan has 22,000 physician and 5,094 dentist and 9,512 registered nurses. Jordan has 26 doctors for every 10,000 persons Business Opportunities: Medical Tourism Facilitators Ajloun Castle Health Spa Dead Sea Mineral Spa Medical College Children Cancer Hospital Dead Sea Cosmetics Mud Factories

39 Selected Success Stories Investments that Benefited from the Investment Promotion Law 39

40 Lagoon Hotel and Resort is a prestigious 5 stars hotel located in Al- Rama area towards the Dead Sea, almost (30 minutes) driving away from the capital Amman and 10 Min to Jordan River. It's a perfect place for families, friends, and businessmen to spend unforgettable relaxing experience. Every detail in the hotel has been designed to create a warm family living space. Lagoon Hotel and Resort features luxurious Suites, restaurants, entertainment facilities, tennis courts water games, and countless outdoor activities. All suites offer a balcony with stunning views of the lagoon. An extra ordinary recreation experience, ladies spa that includes a private kingdom for ladies to restore health and youth, a large verity menu of different treatments, body care, and massage. 40

41 This luxurious hotel offers an award winning international high quality standard of service, complemented by ten intercontinental dining experiences. Rich carpeting, opulent fittings and warm rays of natural light, characterize the magnificent banqueting hall at Le Royal Hotels & Resorts - Amman. The ballroom with its royal balcony is the city's largest and most premier venue with a capacity of 1800 guests. The Royal has 34 suites and a Royal SPA encompassing an area of 7000 m 2, in addition to the property's very own shopping arcade features three floors filled with different specialty boutiques and convenient shops, including a gift shop, designer stores, fashion boutiques, banks, beauty salon, barber, gourmet shop, jewelers and more. 41

42 The Millennium Hotel Amman is set in the heart of Amman s commercial center, the newest of the Jordan hotels in Amman and is situated next to shopping centers, banks, high-end restaurants, art galleries and entertainment facilities, with 178 spacious bedrooms designed with every imaginable luxury in mind. Rooms are equipped with a Room Management System, 40-inch LCD TVs, oversized closets, wireless high-speed internet access and IP phones. Stay in and savor award-winning dining or unwind yourself in a soothing spa. Plan your stay at this impeccable Five-Star hotel and experience luxury of the highest order. 42

43 Abdali Boulevard Company (ABC) was launched in 2006, to administer The Boulevard's real estate for retail, business and residential properties. A 370 meter-long and 21 meter-wide central pedestrian promenade of luxurious architecture that harmonizes elegance with comfort and flair with class, The Boulevard will be a world-class destination that will place Amman on the international retail map. The mission of Abdali Boulevard Company, through implementing The Boulevard is to participate in enhancing the Jordanian economy. 43

44 Since 1999 through innovative thinking and progressive business solutions, the Manaseer Group has grown from a small chemical and fertilizer distribution company of 15 employees (known then as JOMITCO Jordan Modern International Trade and Investment Company Ltd.) into one of the leading investment businesses in Jordan. Manseer's rapid development is a testament to its drive and ability to stay at the cutting edge of a great diversity of markets. 44

45 QATRANEH CEMENT PLANT Established in 1991, the Qatraneh Cement Plant became one of the biggest and most reputable First Grade General Contracting Companies in Jordan. MID Contracting Company Ltd. occupies a distinct position in the construction contracting sector of Jordan and the region with a unique portfolio and track record of specialized projects in roads, infrastructure networks, leisure, hospitals and healthcare facilities, industrial, marine, and telecommunications, and with a global network of international partners, alliances, and suppliers. 45

46 Petra Engineering Industries Co. was founded in 1987 with a broad vision to produce a wide variety of HVAC equipment that meet a diversity of application requirements and to export to major worldwide markets Petra Engineering Industries Co. is a market leader as a designer and manufacturer of sophisticated, high quality commercial and industrial HVAC equipment. The company has grown significantly and today has a facility that is over 300,000 m2 with more than 1500 highly competent technical and managerial employees, and to cope with the increasing demands for Petra s products Worldwide, Petra has embarked on an expansion program to build a 200,000 m2 production facility at Mafraq Jordan. 46

47 Founded in Amman, Jordan in 1978, Hikma has steadily evolved as a leading multinational pharmaceutical company, with a steadfast reputation for quality. The Company s initial focus was on developing a branded pharmaceuticals business across the MENA region. However, in the early 1990s, Hikma acquired a generic pharmaceuticals business in the United States and established an injectable pharmaceutical operation in Portugal, thereby expanding the Company s outreach beyond the MENA region. The Company has since continued to expand significantly, through organic growth and acquisition. 47

48 Al Khalidi Medical Center (KMC) is emerging as a regional powerhouse, providing both superior basic, and most intricate and advanced medical procedures - and all else in between. KMC is the leading healthcare provider in Jordan, and has established itself as the premier center of excellence for healthcare within Jordan and the region. KMC s nationally recognized physicians and surgeons, state-of-the-art facilities equipped with the most advanced diagnostic and therapeutic equipments, as well as the highlytrained staff and nurses have placed the hospital at the top of the ladder of healthcare providers. 48

49 Masafat Specialized Transport Company was founded in 2006 to serve the construction industry in the transport of building and raw materials, that which is dry and that which is processed and readymixed. In line with the progressing local and regional market needs, the Company grew over the years to serve various industries today, with a diversified land transport fleet made up of specialized trucks and machinery. Masafat serves various bulk industries, including: Petroleum and petroleum products transport, Liquid gas transport,dry bulk transport( Wheat and grain. Cement),Sand and other natural materials, Mining-specific transport, Ready-mix concrete transport, Container transport, Waste transport. 49

50 Founded in 1945, Nabil produces over 200 frozen and chilled food products including beef and chicken burgers, chicken strips and nuggets, cold cuts, ethnic foods, pre-cooked meals, and sweets. Nabil sells its products to retail, catering and quick service restaurant customers in over 20 countries throughout the Middle East, Africa and Asia. Since 2009, Nabil Foods embarked on significant expansion program that has more than tripled its production capacity. 50

51 Nuqul, was established on January 1, 1952, as a trade and import company for foodstuff. This modest operation has grown over the years to embrace a number of ventures in the Middle East region, primarily in Jordan, and has been distinguished for its emphasis on ethical business practices and an enthusiastic appreciation for opportunity. Today, Nuqul Group runs different investments and industries led by an empowered 5100 team members spanning several continents. It embodies two major holding entities; FINE Hygienic Holding (FHH) being the umbrella for paper mills, FINE hygienic paper companies and supporting industries; while The Promise Holding includes diverse investments in different sectors and modes. 51

52 CrysTelCall was established to provide real tangible improvements in customer service through contact center outsourcing. Based in Jordan, CrysTelCall is positioned as a leading multilingual contact center providing a full range of inbound and outbound contact center services, consultancy, and business process outsourcing to clients worldwide; allowing them to decrease operating costs, increase profits, attain measurable business results and enhance customers relationships. CrysTelCall also achieved unparalleled recognition at an international level by winning the region's 2008 and 2011 Outsourcing Service Provider of the Year Award in addition to Middle East s Best Reporting and Processes Award for the year 2010 and

53 4. Relevant Organizations Who We Are? 1. Jordan Enterprise Development Corporation (JEDCO) 2. Jordan Investment Commission 3. Jordan Chamber of Industry (JCI) 4. Amman Chamber of Commerce (ACI)

54 Supports enterprises throughout its lifecycle Start Up Transition Growth Business lifecycle Maturity Expansion

55 Implementation takes place through the following JEDCO Programmes: Start-ups: Entrepreneurship and Innovation Support (JIC Network) Financial Tools SMEs Growth & Expansion Jordan Upgrading and Modernisation Programme (JUMP I & II). Jordan Services Modernisation Programme (JSMP & JSMPII). Export Development. Access to Financial Tools Policy Advocacy and National Strategy Development JUMP JIC Network Jordan Enterprise Development Corporation JSMP JEDCO is a proactive yet Demand-driven Organization. Export Development & Promotion Programme

56 Jordan Investment Authority Jordan Investment Board Development Zones Authority Free Zones Authority Responsible for attracting and retaining Investments (National and Foreign Direct Investment) Other Relevant Institutions: Jordan Industrial Estates Company (JIEC) Private Sector Industrial Estates and QIZ e.g Tajamouat, Al Dulail Al-Hassan Science and Business Park - Amman

57 The Jordan Chamber of Industry (JCI) Founded The Chambers of Industry Law No. 10. An umbrella embodying the three local chambers of industry located in Amman, Irbid and Zarqa.

58 Objectives Participating in formulating the general industrial policy. Positively influencing the growth and development of the national Industry. Contributing to the growth and development of member industrial enterprises. Fostering cooperation among local chambers of industry and helping them to grow and build their capacities.

59 JCI Vision To become a model of excellence to create a pioneering and well-developed industrial sector which is competent, attractive for investment, and significantly contributes to enhance Jordan s economic development. Mission To assist the industrial sector in elevating its competitive advantages and the value added of its output through better integrating the technological component in the production processes and activities.

60 Main Duties Represent the Jordanian industrial sector and member chambers of industry, located in the cities of Amman, Irbid and Zarqa. Organizing industrial and economic events. Conduct studies and research related to the national industry. Updating information and statistics on legislations and regulations relevant to the industry and the economy. Provide technical advice to our members.

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