About the Venue
Floor Plan
MINISTRY OF INDUSTRY & TRADE - JORDAN
JORDAN ENTERPRISE DEVELOPMENT CORPORATION
AWTC AMMAN WORLD TRADE CENTER
JORDAN INVESTMENT BOARD
MUSIAD
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Geography:
Location: South-East Asia
The Hashemite Kingdom of Jordan is almost landlocked country. It is bounded in the north by Syria, in the east by Iraq, in the south and southeast by Saudi Arabia and in the west by Israel and the West Bank.
Area (sq. km.): 89,544
Capital: Amman
Climate: Hot and dry
Time: 2 hours + GMT in winter and 3 hours + GMT in summer
Languages: Arabic is official language but English is widely spoken.
Member: OIC, CAEU, Arab League, WTO
ECONOMY:
Agriculture: Fruits, vegetables, wheat, olive oil, barley, lentils, tobacco
Minerals: Phosphate, potash
Industry: Phosphate mining and processing, cement, petroleum products, fertilizer, chemicals, food processing, steel
EXTERNAL TRADE:
Main Items of Exports: Phosphates, fertilizers, potash, chemicals, tobacco, vegetable, fruit, nuts, pharmaceuticals
Main Partners: Iraq, Saudi Arabia, USA, India, EU, UAE, Syria, Ethiopia, Indonesia
Main Items of Imports: Machinery, transportation equipments, food, live animals, petroleum products
Main Partners: USA, Iraq, Japan, UK, Syria, Turkey, Malaysia, China, Saudi Arabia, Germany
Main OIC Partners: Iraq, Saudi Arabia, UAE, Syria, Indonesia, Malaysia, Turkey, Pakistan, Oman, Qatar, Sudan, Bahrain, Egypt, Algeria, Iran, Kuwait, Lebanon, Libya, Sudan, Yemen
INVESTMENT CODE:
Jordan's government has taken many steps to encourage foreign investment, key areas include ventures in Qualifying Industrial Zones, information technology, tourism and services. Foreign and domestic investment in Jordan is regulated by Investment Promotion Law No. 16 of 1995 and Law No. 13 of 2000. These laws grant specific incentives to industry, agriculture, hotels, hospitals, maritime and rail transportation, leisure and recreation projects, and convention and exhibition centers. Jordan's liberal foreign exchange law entitles foreign investors to remit abroad, in a fully convertible foreign currency, foreign capital invested, including all returns, profits, and proceeds arising from the liquidation of investment projects.
To promote exports, all exporters are granted the following incentives: Net profits generated from export revenues are fully exempt from income tax. Exceptions include fertilizer, phosphate, and potash exports, in addition to exports governed by specific trade protocols and foreign debt repayment schemes. However, such exemptions will be phased out by 2002. Foreign inputs used in the production of exports are exempt from custom duties and all additional import fees on a reimbursable or drawback basis. The labor force is well educated.
The Zarqa free zone is major free zone area. Other areas include the Sahab Industrial Estate free zone, Queen Alia International Airport free zone, the Gateway Qualifying Industrial Zone, and the Aqaba Port free zone. In addition, the government is moving ahead with a plan to convert Aqaba into a Special Economic Zone (SEZ), with lower taxes and facilitated customs handling. In the SEZ, the private sector will be given a free hand to develop transportation and communication services, tourism, and high value-added activities. Industrial projects must fulfill one of the following conditions: New industries which depend on advanced technology; Industries requiring raw material and/or locally manufactured parts which are locally available; Industries which complement domestic industries; Industries that enhance labor skills and promote technical know-how; and Industries providing consumer goods, and which contribute to reducing market dependency on imported goods.
The following incentives are granted in the free zones: Profits are exempted from income and social services taxes for a period of 12 years. Salaries and allowances payable to non-Jordanian employees are exempted from income and social services taxes. Goods imported to and/or exported from free zones are exempt from import taxes and custom duties. Industrial goods manufactured in free zones enjoy partial custom duties exemption once released to the domestic market, depending on the proportion of the value of local inputs and locally incurred production costs. Construction projects are exempt from licensing fees and urban and property taxes. Free transfer of capital invested in free zone, including profits. The foreign direct investment during 1999 was US$ 158 million and in 2000 it was US$ 558.2 million.
Website: www.jocc.org.jo
Year 2003
AMMAN WORLD TRADE CENTER 
