Jordan Investment Board

The Jordan Investment Board was founded in 2014, the year the Investment Promotion Law was introduced.

In 2014, to fight off the corruption factors facing foreign investors, Abdullah II of Jordan passed a new investment law that unified all bodies concerned with investment in the newly formed Jordan Investment Commission. In September 2015, the Kingdom signed a $7 billion investment deal agreement with China, and put the JIC in charge of fully enabling those investments in Jordan.

In September 2017, the Abdullah II of Jordan visited the JIC and reminded its strategic role in the Jordan Economic Growth Plan 2018-2022. In October 2017, the JIC signed a cooperation deal with the UAE's Ministry of economy for a protocol on technical cooperation regarding company registration.

The Jordan Investment Commission is responsible for acquiring and providing professional consulting services to foreign and domestic investors who want to invest in the growing economy of Jordan. One of the main targets is to distribute the benefits of investment among the population and geographically across the governorates by promoting sectors of strategic importance through incentives to investors. The promotion strategy includes targeted trade and promotion missions abroad and in Jordan, as well as participation in international conferences and forums. JIB also provides information about Jordan as a business location, assists in licensing and registration, and advises companies on all relevant issues:

Incentives to projects falling under strategic sectors, investment related information.

Liaison between investors and both the Jordanian public and private sectors.

Grant financial exemptions (exemptions from customs fee and sales taxes).