But this paper does not assess whether creating sezs is preferable to developing institutions and improving the investment climate throughout a country. The key resources at the end of the document provide more indepth country and sectoral analysis. Jordan has a long, hot, dry summer, usually extending from may to november, and a cold winter, usually from december to february. Investment climate statements provide countryspecific information and assessments prepared by u. Jordan investment climate statementjordan investment climate this information is derived from the state departments office of investment affairs investment climate statement. As europes largest economy, germany is a major destination for foreign direct investment fdi. The report is work in progress and will remain so throughout the duration of the programme. Mena investment steering group meeting, amman, jordan, 28 june. Oecd ilibrary investing in climate, investing in growth. Revenue rise due to increased investment social benefits from increased investment indirect cost of incentives lost revenue from investments that would have been made anyway. Department of states investment climate statements provide countryspecific information on the business climates of more than 170 countries and are prepared by economic officers stationed in embassies and posts around the world. Climate jordan climates to travel world climate guide. To diversify its energy mix, jordan has secured several contracts for liquefied and pipeline natural gas, developed several major renewables projects, and is currently exploring nuclear power generation. Investment climate and regulation of international investment in mena countries assessment of available information, and general recommendations working group 1 this report has been elaborated by working group 1 of the programme.
Rain falls only during the winter months and is barely adequate for the countrys needs. Jordan is the largest host of registered refugees in the world 2. The mena region csp initiative is motivated by objectives of energy security, climate change mitigation, and regional integration in the mediterranean. The development of jordans sole port city of aqaba holds significant promise for tourism. Jordan investment climate statement jordan investment climate this information is derived from the state departments office of investment affairs investment climate statement. Amman in the jordans capital, amman, the climate is overall mild and dry. The bureau of economic analysis bea produces economic accounts. Investment climate statements united states department of state. Investment climate statements united states department. The territory of jordan now covers about 91,880 square kilometres 35,480 sq mi between 1950 and the sixday war in 1967, although not widely. Effectiveness of investment incentives in developing. The city is located at around 800 meters 2,600 feet above sea level, and has an average temperature ranging from 8. Agency for international development in the kingdom. Currently, the following laws and regulations govern investments in jordan.
The proximity of the mediterranean sea is the major influence on climates, although continental air masses and elevation also modify it. Building resilience to cope with climate change in jordan using the wateragricultureenergy nexus approach fao. These measures include the establishment of specialized government agencies to promote investment and support export growth as well as the use of economic zones. Since 2000, the government of jordan has pursued economic reforms in a number of areas aimed at attracting investment, job creation, and integration into regional and global markets. In 2019, jordan pursued important structural reforms, introducing new regulations to govern aspects of financial transactions, such as insolvency, digital payments, and public procurement, and in so doing, becoming one of the top 20 performers in the world banks 2020 doing business report, which takes into account a countrys progress on making it easier for small and. Hashemite kingdom of jordan united nations framework. This agreement is expected to promote the improvement of the investment climate and achieve closer economic relations between the two countries. Adaptation to climate change in jordan describes measures with the objective to prepare the country for the impacts of climate change. The central objective of this investment climate assessment ica is to identify the main impediments to productivity growth kenyan firms face. Jordan renewable energy jordan renewable energy this is a best prospect industry sector for this country. Temperatures will increase and the total annual precipitation is likely to decrease. The bureau of economic analysis bea produces economic accounts statistics that enable government and business decisionmakers, researchers, and the american public to follow and understand the performance of the nations economy. About the investment climate department of the world bank group.
Investment window jordan investment commission telephone. The climate warming will undermine the natural support system on which the region depends on. The sundrenched region of the middle east and north africa mena is emerging as a key player in the rapidly evolving market for concentrated solar power csp to reduce dependency on fossil fuels and greenhouse gas emissions and expand socioeconomic opportunities. Furthermore, these should not be considered in isolation from other concerns and goals, such as social and. It is considered the first of its kind in the arab region and, in terms of. This can include investment policy, investment promotion and facilitation, competition, trade, taxation, corporate governance, finance, infrastructure, developing human resources, policies to promote responsible business conduct. The authors believe that the results of this study will be of a great help to decision makers in the field of environment in jordan. Factors motivating your investment in jordan world bank documents. Jordan is emerging as an ideal location for investment in renewable energy and clean technology. Department of states investment climate statements provide countryspecific information on the business climates of more than 170 countries and are prepared by economic officers stationed. Jordan economic growth plan 2018 2022 7 while youth unemployment rate is at 25%. This report has been elaborated by working group 1 of the programme.
These accounts are exempted from all transferrelated commission fees charged by the cbj. It carries out development projects of the government of jordan in a variety of sectors, and japanese enterprises are increasingly investing in jordan, primarily in the renewable energy sector. Jordan investment climate statement 2014 4 regard to jordanian laws and decisions in the united states. The survey aims to capture perceptions of existing foreign investors on the impact of global megatrends and the role of investment climate factors on investment behavior. The climate change policy of jordan is a holistic nationwide policy encompassed strategic objectives and measures for mitigation and adaptation. Jordan integrated landscape management initiative jilmi unep. The jordan valleys fertile soil and favorable temperatures enable yearround agriculture production. With a moderate climate and historical sites such as the dead sea, petra, and wadi rum, jordan remains a prominent tourist destination in the middle east, despite a recent decline in tourism arrivals due to regional unrest associated with the arab spring. Jordans citizens, creating new opportunities and raising the standard of living across our communities. Downloadable information in pdf format, also for targeted sectors. Addressing legal barriers to climate investments in jordan, morocco and tunisia on 4 november 2016, the paris agreement on fighting climate change came into force, committing nearly 200 signatory countries to undertake ambitious efforts to combat global warming.
Climate change risk profile jordan march 2017 this document was prepared under the climate change adaptation, thought leadership and assessments atlas task order no. Near the junction of the two rivers, the yarmouk forms the boundary between israel on the northwest, syria on the northeast, and jordan on the south. The jordan rivers principal tributary is the yarmouk river. Investment climate the investment climate team provides evidencebased advisory services and support to help countries foster an investmentgrade business environment, maximize the benefits of private investment, and secure a share in global value chains. Enhancing the legal framework for sustainable investment.
External links to other internet sites should not be construed as an endorsement. Supporting the development of an integrated investment framework for sustainable land management in jordan 1. Department of commerce, manages this global trade site to provide access to ita information on promoting trade and investment, strengthening the competitiveness of u. The impacts of dry conditions associated with climate change on rainfed agriculture in jordan is clear and include the complete failure of. Usaid jordan competitiveness program fact sheet jordan. The hashemite kingdom of jordan the deposit number at the national library 20153 integrated investment framework for sustainable land management in jordan integrated investment framework for sustainable land management. Amman the european bank for reconstruction and development ebrd and the jordan investment commission jic have agreed to cooperate with the aim of enhancing the investment climate in jordan and boosting the competitiveness of the countrys private sector, according to an ebrd statement. Aidoaai14000 and is meant to provide a brief overview of climate risk issues. They analyze a variety of economies that are or could be markets for u.
Promoting and stimulating the business and investment environment, increasing its competitiveness and maximizing investment opportunities. Export assistance center for advice and support on exporting to jordan, please see exportgovlocations. Besides the rapid population growth, the impacts of climate change are likely to further exacerbate the problem. Jordan business travel investment climate statement this information is derived from the state departments office of investment affairs investment climate statement. To achieve these goals, the renewable energy and energy efficiency law was approved, and an energy efficiency fund established.
Investment climate and regulation of international investment in mena countries assessment of available information, and general recommendations working group 1. Jordan is a rapidly developing stable country with a skilled labor force and wellestablished banking sector, which makes it an attractive environment for investment and business development. Department of state 2015 investment climate statement june 2015 5 in 2012, jordan passed a renewable energy and energy efficiency law to encourage investments in this vital sector. Average monthly temperatures at amman in the north range between 46 and 78 f 8 and 26 c, while at al. Jordan depends solely on rainfall for its renewable water resources. Investment climate statement international trade administration. Select a report in the drop down menu below to learn about the investment climate in that economy, or click here to view a complete list of the reports. Investing in climate, investing in growth this report provides an assessment of how governments can generate inclusive economic growth in the short term, while making progress towards climate goals to secure sustainable longterm growth. Social benefits include cleaner environment, better skills, better health, etc.
Now in its sixth year, jcp has devised an approach that structures its interventions within four complementary work streams. This can include investment policy, investment promotion and facilitation, competition, trade, taxation, corporate governance, finance, infrastructure, developing human resources, policies to promote responsible business conduct, investment in support of green. The zarqa river, the second main tributary of the jordan river, flows and empties entirely within the east bank. The link between future climate conditions and economic growth, in the absence of other structural changes, is a direct one. Investment climate statement 2014 english pdf 112kb. Government resources regarding doing business with the u. Signing of the japanjordan investment agreement ministry. Document of the world bank group for official use only.
The survey is designed to generate results that are representative at the countrylevel and comparable across countries. It aims to help jordanian policy makers strengthen the enabling conditions for investment in renewable electricity generation in jordan. Department of states investment climate statements provide information on the business climates of more than 170 economies and are prepared by economic officers stationed in embassies and posts around the world. Jordan is nearly completely dependent on imported energymostly natural gasand energy consistently makes up 2530% of jordans imports. Strategic frameworks support for jordan through gggi. Banks are permitted to purchase unlimited amounts of foreign currency from their clients in exchange for jds on a forward basis. The imf mission chief said that the programme is designed to improve the investment climate in jordan and reduce business costs, which will make it easier to create jobs while also protecting jordans poor and most vulnerable. Jordans climate varies from mediterranean in the west to desert in the east and south, but the land is generally arid. Our path has been grounded in what distinguishes jordan. An attractive investment climate is important, and sezs can provide such a climate. The climate is generally of the mediterranean type, but that applies mainly to the higher lands. Global overview includes an overarching summary and key information from the years report hover over countriesregions for a list of countries and other areas. The country commercial guide provides information on doing business in jordan investment climate statement 2014 english pdf 112kb bureau of economic analysis.
Contact incountry business support organizations such as the american chamber of commerce in jordan. Investment climate department, 2009 14political stability 16little competition 38domestic market mozambique 60 total respondents 23 25 31 domestic market political stability and security investment climate jordan 61 respondents survey asked about three most critical factors for investment decisions answer in percent 18 33 37. Jordan is situated geographically in southwest asia, south of syria, west of iraq, northwest of saudi arabia and east of israel and the west bank. Within a report, hover over table of contents to see the topics covered in the report. In 2019, jordan pursued important structural reforms, introducing new regulations to govern aspects of financial transactions, such as insolvency, digital payments, and public procurement, and in so doing, becoming one of the top 20 performers in the world banks 2020 doing business report, which takes into account a countrys progress on making it easier for small and mediumenterprises. Pdf determinants of foreign direct investment in jordan. The usaid jordan competitiveness program jcp is a flagship economic development activity of the u. This objective is achieved through the analysis of firmlevel data directly collected by the world bank in 2007. Jordan investment climate statement 2014 5 nonresidents are allowed to open bank accounts in foreign currencies.
319 998 310 780 385 633 284 1342 1389 996 1303 409 1505 249 985 446 1309 793 149 1518 370 273 1425 472 510 49 35 1251 1400 155 463 148 230