Kuwaiti investments in Jordan exceed $20 billion: Jordanian Ambassador
. . . highlights deep Kuwaiti ties. unprecedented investment incentives
The Ambassador of the Hashemite Kingdom of Jordan to Kuwait, H.E. Sinan Al-Majali, said Jordanian-Kuwaiti relations stand as a model of Arab cooperation built on mutual trust, respect, and integration.
He noted that Kuwaiti investments in Jordan exceed $20 billion, making them among the largest in the region, while the Kuwait Fund for Arab Economic Development continues its vital support for infrastructure, education, energy, and public transportation projects.
Ambassador Al-Majali emphasized that Jordan is pressing ahead with its Economic Modernization Vision, launched under royal directives, which aims to achieve comprehensive and sustainable growth. The next phase of the plan (2026–2029) will focus on empowering the private sector, attracting high-value investments, and promoting key sectors such as mining, tourism, energy, education, and health, reports Al-Rain daily.
He revealed that the Jordanian government has introduced a new package of incentives to attract investors, including tax and customs exemptions for up to 10 years, as well as streamlined procedures through a unified investment window that cuts administrative processing times to just a few days.
“An investor’s time is more valuable than any tax exemption,” Majali said, underscoring the government’s determination to eliminate bureaucracy and simplify licensing procedures through the electronic platform Invest.jo.
He highlighted that Kuwait and the Gulf states remain key partners in Jordan’s development plans, particularly in the fields of advanced technology, pharmaceuticals, medical and religious tourism, and green energy. He described Jordan as a promising and stable investment destination, supported by robust legislation, political stability, and a skilled workforce.
The ambassador noted that Jordan’s economy is showing solid performance, with GDP growth reaching 2.7 percent in the first quarter of 2025 despite regional challenges. He cited significant gains across multiple sectors, including manufacturing, agriculture, energy, and tourism, as well as an increase in foreign direct investment by 36.4 percent and a 9 percent rise in exports during the first half of the year.
Al-Majali further pointed to the strong performance of the Amman Stock Exchange, where trading volume surged by more than 70 percent, and the general index surpassed the 3,000-point mark for the first time since 2008. Inflation has remained below 2 percent for the second consecutive year, while foreign reserves reached a record $22.8 billion, enough to cover 8.7 months of imports.
Jordan’s priority investment sectors, he added, include technology and innovation, pharmaceuticals, medical equipment, and specialized tourism—noting that the country’s competitive advantages and skilled workforce make it a regional hub for fintech, cybersecurity, and medical services. The government is also supporting green energy, transportation, mining, and the film industry, aligning with its modernization vision.
To further encourage investment, the Jordanian government has approved nine key incentive measures, including reducing industrial land prices, supporting agricultural exports, exempting transport operators from licensing fees, extending trading hours on the stock exchange, and introducing new legislation to regulate virtual assets and enhance competition.
Ambassador Majali concluded that Jordan’s commitment to reform, transparency, and partnership with the private sector reflects its determination to remain a stable, attractive, and forward-looking investment destination—particularly for its close partners in Kuwait and the Gulf region.
