THE ROLE OF LEGAL AMENDMENTS RELATED TO INVESTMENT IN ATTRACTING FOREIGN INVESTORS IN JORDAN

Abstract

The research clarified the role of legal amendments related to investment in attracting foreign investors according to the Investment Environment Law No. 21 of 2022. The research relied on the descriptive approach and the analytical approach to achieve the research objectives. The findings indicated that the Investment Environment Law No. 21 of 2022 includes a set of amendments aimed to improve the investment environment for foreign investors in Jordan, including equality the rights, freedoms, and duties of Jordanian investors with foreign investors, exemptions from customs duties and sales tax, subsidies for energy costs and protection of foreign investors from negative legislation. The results revealed that the updated law has yielded actual positive results. The number of projects that benefited from the amendments of the Investment Environment Law by August 2024 reached 254, including 153 new projects and 101 existing projects that were expanded.