4
Publised by Mrs. Sunanda Rajendran, Executive Director for Indo-Arab Chamber of Commerce & Industries, 81/82, Mittal Court “C” Wing, 8th Floor, Nariman Point, Mumbai - 400 021. Tel.: 91-22-40606162 / 22821774 ? Fax: 91-22-22821279 ? Email: [email protected] / [email protected] ? Website : www.iacci.org May 2014 Estd.: 1980 INDO-ARAB CHAMBER OF COMMERCE & INDUSTRIES A National Day Special Supplement by An ISO 9001:2000 Organisation JORDAN JORDAN JORDAN THE HASHEMITE KINGDOM OF EMBASSY OF THE HASHEMITE KINGDOM OF JORDAN NEW DELHI JORDAN AT A GLANCE entire national programs, plans, and efforts. It has proved capable over the years of shouldering its responsibilities in an efficient and effective manner, and contributed to the progress and prosperity of the national economy, and managed to meet the needs throughout the past decades. The private sector’s role and importance in and to the economic activity has been expanded after most countries around the world started implementing economic reform policies and programs on the basis of reducing the state role in the direct economic and investment activity and limiting such role to regulating the market and its different mechanisms. Thus the state has encouraged the private sector to play an important role in the economic activity and to lead economic growth in a civilized manner commensurate with the international developments and changes. Different economic sectors and associat-ions in the public and private sectors (with an active participation on the part of the Chambers of Commerce) have over the past years followed and implemented numerous initiatives and steps which will improve the investment climate and increase the economic growth rates in such a manner that will insure interaction and harmony with the international economic developments and changes. Besides, the Jordanian private sector has been playing a major role in supplying the Kingdom’s needs for goods and services, reducing the poverty and unemployment problems, improving Jordan’s economic relations with the different countries around the world and make the best use of the investment opportunities available in order to increase the Jordanian exports abroad and open new markets for them. Above all, the Jordanian private sector plays a unique role in promoting Jordan as hub for investment. The continued success of reform in the different economic, financial, and legislative fields yielded further influx of the foreign direct for investment which is expected to continue steadily in the forthcoming years. The size of projects which benefited from the Investment Encouragement Law during the year 2012 reached around JD 1614.3 million (USD 2273.6 million). Apparently, there is an increasing interest on the part of Arab and foreign investors in the Kingdom owing to the advantages and feasible returns which such investment law provides along with security, stability, and free transfer of funds and profits abroad. Foreign trade in both directions continued to show significant growth ,as Jordan’s overall foreign trade in 2013 reached around (JD 21140.1) million, (USD 29774.7) million, compared to (JD 20333.2 ) million, ( USD 28638.3) million, ( i.e. a 4% increase) in 2012. Jordan is a Kingdom ruled by H.R.M. King Abdulla II, the successor of His Late Father King Hussain. Ruling Regime : Parliamentary with hereditary monarchy . Population : 6.388 million Climate : Is warm and dry in summer, moderate and wet in winter. Economic System : It's a Market oriented economy . The Size of the : GDP in 2012 is estimated at JD 21,965.5 million or US$ Economy : 30,980 million . Resources : - Several natural resources ; phosphate and potash are the most important ones . - Abundant skilled human resources and several tourism sights. Currency : Jordan Dinar, which equals US $ 1.4104, is fully convertible. The Hashemite Kingdom of Jordan managed over the past few decades to realize numerous economic, investment and development achievements in the various economic, social and cultural fields at all levels and in all areas. The Kingdom also managed to provide the requirements and elements needed for Jordan’s progress and economic prosperity. Those requirements are based on consolidating security and stability of all forms, adopting the principles of free enterprise and openness to the world, successful implementation of economic reforms, and completing the infrastructure facilities needed for the success of the economic activities. In fact, Jordan has been able to build and provide a well-integrated network of infrastructure facilities such as roads, transportation, communications, water, energy, airports and sea ports along with a well-trained and skilled manpower, sophisticated banking system and other basic elements and requirements needed for comprehensive growth. The investment climate in Jordan is marked by security and stability and is based on several modern laws and legislations which are in line with the international changes and developments especially foreign investment. There are, however, many success stories in the field of investment in the Kingdom which have been launched by investors from the Asian and European countries. These include investments in the Qualified Industrial Zones which export their products to the American market without any customs duties or quota restrictions. Most of these investments are in the field of textiles and garments in which, we believe, Turkey has expertise and know-how. There are other investments in the Aqaba Special Economic Zone, industrial estates, free, special and development zones. The non- Jordanian investor enjoys the same advantages and incentives as those of the Jordanian investor. Moreover, Jordan is a member of several Free Trade Agreements along with the United States of America, European Union, States of the European Association for Free Exchange, Greater Free Arab Trade Area, and a Free Trade Agreements with Singapore, Canada and Turkey. The Jordanian private sector and its institutions and sectors represent a key and important partner for the government in the Jordan has started undertaking preparations for the upcoming visit of Pope Francis to Jordan, the first visit since his election as head of the Catholic Church. The visit is scheduled for May 24, 2014 ; Royal visit has been undertaken by His Majesty King Abdullah II to the Vatican on August 2013 and his meeting with the head of the Catholic Church, His Holiness Pope Francis. Such visits further solidifies cooperation and cordial relations between the two friendly countries. Our Royal Court official spokesman said that the King's warm welcome, as revealed in the statement issued by the Royal Court, expresses the joy the Jordanian Christians and Muslims feel for the visit of the grand guest, His Holiness the Pope, who accepted the invitation of the King and the local churches. Official relations began in 1994, and together the two states have worked on promoting dialogue and understanding between the followers of Islam and Christianity. & relations assists in determination the strengthen concepts of love and harmony among nations, and to bring peace to the peoples and countries of the Middle East. Pope Francis' visit to Jordan will include visiting the historical Baptismal Site of Jesus Christ. There, His Holiness will stand by the waters of the Jordan River and visit in the Baptism Church which is adjacent to the river. He will also meet patients, people with disabilities, as well as Syrian and Iraqi refugees at the Latin Church in the Baptismal Site where he will speak with them and get acquainted with the efforts undertaken by the Kingdom to provide them with the necessary services that preserve their honor and dignity. More than 1,000 journalists are expected to be present to provide media coverage of the two-day visit of Pope Francis ; Moreover the Mass to be celebrated at the Amman International Stadium in Al Hussein Sports City is expected to be attended by more than 50,000 people. Pope Francis and His Majesty King Abdullah II were keen to address the region's most prominent issues during their meeting, namely the Palestinian-Israeli issue, with the aim of hammering out a solution satisfactory to all parties, and Syrian crisis. They stressed dialogue and negotiations between all the components of Syrian society--with the support of the international community--and expressed that this dialogue is the only option to put an end to the conflict and the violence that causes huge losses of life every day. Three Popes have visited Jordan in the past: Pope Paul VI in 1964, Pope John Paul II in 2000, and Pope Benedict XVI in 2009. Pope Francis will be paying the fourth visit. The statement concluded that it is a great coincidence that the royal visit to the Vatican and the upcoming Papal visit to Jordan match's with the tenth anniversary of the launching of the historic “Amman Message” that was launched by His Majesty King Abdullah II as this message concepts is calling for violence and intolerance abandonment , as well as for strengthening the spirit of love and harmony between followers of all religions. JORDAN PREPARES FOR POPE FRANCIS’ VISIT Editorial India's relationship with Jordan has always with very warm, cordial based on mutual respect. There have been regular visits of business delegations between the two countries as well as there has been excellent presents of Indian business community is seen during trade exhibition. The two way trade, between the two is registered to the tune of US$ 1.61 billion. Moreover there is successful co- operation in fertilizer sector between the two countries. India imports fertilizers, phosophates, phosphoric acid from Jordan and exports electrical machinery frozen meat, chem- icals, engineering goods and animal fodders etc. there are huge potential for Join-Ventures in the sectors like leather, IT, Automobile parts, Construction material etc. There is immense interest in Jordan for Indian Art and Culture, specially bollwood films there are regular exchange in form of Cultural troupes and hosting of cultural exhibition which has promoted and developed. Excellent cultural and understanding between the two countries. At present, there are over 500 Jordanian students pursuing studies in different universities in India. The number of Jordanian alumni of Indian universities is over 2500. I am proud to say that both the mission have been making extra Endeavour in organizing publicity cum tourism related events to promote tourism and goodwill between the two country. Jordan is a home to more than 10,000 Indians how are employed in various sectors. There are above 25 garments factory across Jordan owned by the Indians with an investment of 60 million $ which gives employment to 9500 persons. Finally I would like to convey my sincere thanks to H. E. Mr. Hassan Mahmoud Mohammad Al Jawarneh, Ambassador of Jordan in India & H.E. Shri. Radha Ranjan Dash, Ambassador of India to Jordan Export Development and Commercial Center Corporation for their valued support & guidance. We will have opportunity to exchange experiences, learn from each other and look for new ways of co-operation. “Long Live India- Jordan Relationship” Regards, Sunanda Rajendran Executive Director / Editor Email: [email protected]

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Page 1: THE HASHEMITE KINGDOM OF JORDANiacci.org/pdf/Jordan-Sup-14.pdfhub for investment. The continued success of reform in the different economic, financial, ... xpr es thjoy Jordanian Christians

Publised by Mrs. Sunanda Rajendran, Executive Director for Indo-Arab Chamber of Commerce & Industries, 81/82, Mittal Court “C” Wing, 8th Floor, Nariman Point, Mumbai - 400 021. Tel.: 91-22-40606162 / 22821774 ? Fax: 91-22-22821279 ? Email: [email protected] / [email protected] ? Website : www.iacci.org

May 2014

Estd.: 1980

INDO-ARAB CHAMBER OF COMMERCE & INDUSTRIESA National Day Special Supplement by

An ISO 9001:2000 Organisation

JORDANJORDANJORDANJORDANTHE HASHEMITE KINGDOM OF

EMBASSY OF THE HASHEMITE KINGDOM OF JORDAN

NEW DELHI

JORDAN AT A GLANCEentire national programs, plans, and efforts. It has proved capable over the years of shouldering its responsibilities in an efficient and effective manner, and contributed to the progress and prosperity of the national economy, and managed to meet the needs throughout the past decades. The private sector’s role and importance in and to the economic activity has been expanded after most countries around the world started implementing economic reform policies and programs on the basis of reducing the state role in the direct economic and investment activity and limiting such role to regulating the market and its different mechanisms. Thus the state has encouraged the private sector to play an important role in the economic activity and to lead economic growth in a civilized manner commensurate with the international developments and changes.

Different economic sectors and associat-ions in the public and private sectors (with an active participation on the part of the Chambers of Commerce) have over the past years followed and implemented numerous initiatives and steps which will improve the investment climate and increase the economic growth rates in such a manner that will insure interact ion and harmony wi th the international economic developments and changes.

Besides, the Jordanian private sector has been playing a major role in supplying the Kingdom’s needs for goods and services, reducing the poverty and unemployment problems, improving Jordan’s economic relations with the different countries around the world and make the best use of the investment opportunities available in order to increase the Jordanian exports abroad and open new markets for them. Above all, the Jordanian private sector plays a unique role in promoting Jordan as hub for investment.

The continued success of reform in the different economic, financial, and legislative fields yielded further influx of the foreign direct for investment which is expected to c o n t i n u e s t e a d i l y i n t h e forthcoming years. The size of projects which benefited from the Investment Encouragement Law during the year 2012 reached around JD 1614.3 million (USD 2273.6 million). Apparently, there is an increasing interest on the part of Arab and foreign investors in the Kingdom owing to the advantages and feasible returns which such investment law provides along with security, stability, and free transfer of funds and profits abroad.

Foreign trade in both directions continued to show significant growth ,as Jordan’s overall foreign trade in 2013 reached around (JD 21140.1) million, (USD 29774.7) million, compared to (JD 20333.2 ) million, ( USD 28638.3) million, ( i.e. a 4% increase) in 2012.

Jordan is a Kingdom ruled by H.R.M. King Abdulla II, the successor of His Late Father King Hussain.

Ruling Regime : Parliamentary with hereditary monarchy .

Population : 6.388 million

Climate : Is warm and dry in summer, moderate and wet in winter.

Economic System : It's a Market oriented economy .

The Size of the : GDP in 2012 is estimated at JD 21,965.5 million or US$

Economy : 30,980 million .

Resources : - Several natural resources ; phosphate and potash are the most important ones .

- Abundant skilled human resources and several tourism sights.

Currency : Jordan Dinar, which equals US $ 1.4104, is fully convertible.

The Hashemite Kingdom of Jordan managed over the past few decades to realize numerous economic, investment and development achievements in the various economic, social and cultural fields at all levels and in all areas. The Kingdom also managed to provide the requirements and elements needed for Jordan’s progress and economic prosperity. T h o s e re q u i re m e nt s a re b a s e d o n consolidating security and stability of all forms, adopting the principles of free enterprise and openness to the world, successful implementation of economic reforms, and completing the infrastructure facilities needed for the success of the economic activities. In fact, Jordan has been able to build and provide a well-integrated network of infrastructure facilities such as roads, transportation, communications, water, energy, airports and sea ports along with a well-trained and skilled manpower, sophisticated banking system and other basic elements and requirements needed for comprehensive growth.

The investment climate in Jordan is marked by security and stability and is based on several modern laws and legislations which are in line with the international changes and developments especially foreign investment. There are, however, many success stories in the field of investment in the Kingdom which have been launched by investors from the Asian and European countries. These include investments in the Qualified Industrial Zones which export their products to the American market without any customs duties or quota restrictions. Most of these investments are in the field of textiles and garments in which, we believe, Turkey has expertise and know-how. There are other investments in the Aqaba Special Economic Zone, industrial estates, free, special and development zones. The non-Jordanian investor enjoys the same advantages and incentives as those of the Jordanian investor. Moreover, Jordan is a member of several Free Trade Agreements along with the United States of America, European Union, States of the European Association for Free Exchange, Greater Free Arab Trade Area, and a Free Trade Agreements with Singapore, Canada and Turkey.

The Jordanian private sector and its institutions and sectors represent a key and important partner for the government in the

J o r d a n h a s s t a r t e d undertaking preparations for the upcoming visit of Pope Francis to Jordan, the first visit since his election as head of the Catholic Church. The visit is scheduled for May 24, 2014 ; Royal visit has been u n d e r t a k e n b y H i s Majesty King Abdullah II to the Vatican on August 2013 and his meeting with the head of the Catholic Church, His Holiness Pope Francis. Such visits further solidifies cooperation and cordial relations between t h e t w o f r i e n d l y countries.

Our Royal Court official spokesman said that the King's warm welcome, as revealed in the statement issued by the Royal Court, expresses the joy the Jordanian Christians and Muslims feel for the visit of the grand guest, His Holiness the Pope, who accepted the invitation of the King and the local churches.

Official relations began in 1994, and together the two states have worked

on promoting dialogue and understanding between the followers of Islam and Christ ianity. & relat ions assists in determination the strengthen concepts of love and harmony among nations, and to bring peace to the peoples and countries of the Middle East.

Pope Francis' visit to Jordan will include visiting the historical Baptismal Site of Jesus Christ. There, His Holiness will stand by the waters of the Jordan River and visit in the Baptism Church which is adjacent to the river. He will also meet patients, people with disabilities, as well as Syrian and Iraqi

refugees at the Latin Church in the Baptismal Site where he will speak with them and get acquainted with the efforts undertaken by the Kingdom to provide them with the necessary services that preserve their honor and dignity.

More than 1,000 journalists are expected to be present to provide media coverage of the two-day visit of Pope Francis ; Moreover the Mass to be celebrated at the Amman International Stadium in Al Hussein Sports City is expected to be attended by more than 50,000 people.

Pope Francis and His Majesty King Abdullah II were keen to address the region's most prominent issues during their meeting, namely the Palestinian-Israeli issue, with the aim of hammering out a solution satisfactory to all parties, and Syrian crisis. They stressed d ia logue and negot iat ions between all the components of Syrian society--with the support of the international community--and expressed that this dialogue is the only option to put an end to the conflict and the violence that causes huge losses of life every day.

Three Popes have visited Jordan in the past: Pope Paul VI in 1964, Pope John Paul II in 2000, and Pope Benedict XVI in 2009. Pope Francis will be paying the fourth visit.

The statement concluded that it is a great coincidence that the royal visit to the Vatican and the upcoming Papal visit to Jordan match's with the tenth anniversary of the launching of the historic “Amman Message” that was launched by His Majesty King Abdullah II as this message concepts is calling for violence and intolerance abandonment , as well as for strengthening the spirit of love and harmony between followers of all religions.

JORDAN PREPARES FOR POPE FRANCIS’ VISIT

Editorial

India's relationship with Jordan has always with very warm, cordial based on mutual respect. There have been regular visits of business delegations between the two countries as well as there has been excellent presents of Indian business community is seen during trade exhibition.

The two way trade, between the two is registered to the tune of US$ 1.61 billion. Moreover there is successful co-operation in fertilizer sector between the two countries.

India imports fertilizers, phosophates, phosphoric acid from Jordan and exports electrical machinery frozen meat, chem-icals, engineering goods and animal fodders etc. there are huge potential for Join-Ventures in the sectors like leather, IT, Automobile parts, Construction material etc.

There is immense interest in Jordan for Indian Art and Culture, specially bollwood films there are regular exchange in form of Cultural troupes and hosting of cultural exhibition which has promoted and developed. Excellent cultural and understanding between the two countries.

At present, there are over 500 Jordanian students pursuing studies in different

universities in India. The number of Jordanian alumni of Indian universities is over 2500.

I am proud to say that both the mission have been making extra Endeavour in organizing publicity cum tourism related events to promote tourism and goodwill between the two country.

Jordan is a home to more than 10,000 Indians how are employed in various sectors. There are above 25 garments factory across Jordan owned by the Indians with an investment of 60 million $ which gives employment to 9500 persons.

Finally I would like to convey my sincere thanks to H. E. Mr. Hassan Mahmoud Mohammad Al Jawarneh, Ambassador of Jordan in India & H.E. Shri. Radha Ranjan Dash, Ambassador of India to Jordan Export Development and Commercial Center Corporation for their valued support & guidance. We will have opportunity to exchange experiences, learn from each other and look for new ways of co-operation. “Long Live India-Jordan Relationship”

Regards,

Sunanda RajendranExecutive Director / EditorEmail: [email protected]

Page 2: THE HASHEMITE KINGDOM OF JORDANiacci.org/pdf/Jordan-Sup-14.pdfhub for investment. The continued success of reform in the different economic, financial, ... xpr es thjoy Jordanian Christians

Indo-Arab Chamber of Commerce & Industries | 2JORDAN

IACCI IACCI IACCI IACCI IACCI IACCI IACCI IACCI IACCI

INVESTOR GUIDE

The investment opportunities found in Jordan vary in type, size, scope, sector, purpose, and structure. An open landscape is found to develop projects that will return profits and help fill the needs of Jordan's expanding and demanding population. Our focus is on attracting investments that would secure the main needs of the kingdom and to ensure the provision of job opportunities for Jordanians, reduce poverty and achieve the minimum acceptable standards of living for citizens, within a secure and stable environment. Jordan Investment Board (JIB) continues to focus on the main factors that attract investments such as laws and legislations, the presence of qualified manpower and building knowledge, an enabling and attractive business environment for a t t r a c t i n g d i v e r s e i n v e s t m e n t opportunities with a high return on investment. With His Majesty's guidance, we continue to focus our efforts on attracting FDI that will stimulate the e co n o my ' s g row t h a n d s e c u r i t y, infrastructure projects and empowering citizens with the skills to succeed. We are committed to enhancing our business environment and cooperating with international partners.

In this document, we provide an overview of the services provided by JIB, in addition to the procedures for registering and

licensing a project as well as other services available for our investors. JIB is committed to bringing together investors, companies and businesses to create the future of Jordan.

Jordan Investment BoardP.O.Box 893, Amman 11821, Jordan Phone 415 /5608400 (6- 962+)Fax 5608416 (6-962+)[email protected] www.jordaninvestment.com

INVESTMENT PROMOTION LAW

The different laws in Jordan recognize the

benefits earned by foreign direct investment; therefore, they include provisions to encourage foreign direct investments and the growth of domestic investments.

Sectors that benefit from the Investment Promotion Law are: industry, agriculture, hotels, hospitals, maritime transport and railways, leisure and recreational compounds, convention and exhibition centers, transport and distribution of water, gas and oil, call and contact centers, and road freight transport.

The Investment Promotion Law provides investors with customs exemptions on imported fixed assets, tax exemptions as well as facilitating the licensing and registration process.

Required Documents:

1. A copy of the passport for non-Jordanians and a copy of the National Identification Card (ID) for Jordanians.

2. Filling and signing the registration form.

Procedures:

LICENSING YOUR PROJECT

(Obtaining licenses and approvals for projects according to regulations and laws)

Investor fills the registration form& submits it to the company control

representative at JIB

Company control representative

addresses relevant institutes for approval on some nationalities

Obtain approval & inform the company

control representative at JIB

1 day

4 day

Inform investor of approval/Register

company name

Deposit of 50,000 dinars for each foreign partner

for the company

1 day

1 day

Present deposit slip &pay fees to register

the company with the company control

representative

Issuance of registration

certificate for the company

1 day

Required Documents:

1. Certificate of registration of the company or the commercial register.

2. Proof of land registration.

3. Organizational chart of the land.

4. Land Scheme.

5. The coordinates of the segment.

6. A copy of the passport for non-Jordanians and a copy of the National Identification Card (ID) for Jordanians.

7. Complete and sign the license application form.

8. Fill out a form of environmental impact of the project.

Procedures:

EXEMPTIONS (NEW EXEMPTION)

Required Documents:

1. Certificate of company registration / individual or institution / Memorandum of Association or the rules of procedure.

2. Certificate of partners' shares from the Ministry of Industry and Trade.

3. Approval of licensing by the M i n i s t r y o r t h e r e l e v a n t g o v e r n m e n t o r g a n i z a t i o n depending on the sector of the project.

4. Submit the exemptions list and form on a CD.

5. Sign the application and its annexes by the investor or the person authorized to sign.

6. Providea l ist of machinery, equipment and furniture and on a CD broken down by product, quantity and value in JD / CIF in Arabic.

7. If the request is for additional exemptions, amendments, re-export, merge, and transfer of ownership,the investor needs to fill the application in the accompan-ying CD.

Procedures:

1. Obtain official stamp from the mail o f f i c e a n d s u b m i t t o t h e exemptions committee.

2. Review of the exemption request by the Investment Incentives Commission at JIB.

3. Issuance of decisions by the Commission within a period not more than a month according to

the investment law, the provisional No. 68 for the year 2003.

4. Inform the investor of the approvals through official letters or any other means of commun-ication.

5. Delivery of the written exemption order to the investor.

(The institution has the right to conduct field visits at any time it sees appropriate)

Present required documents and fill

licensing form

Study of the applicationand

verification ofdocuments /identificationof the service chargeby a licenseemployee

1 day

Official stamp of the form from the mail

office at JIB

The preparation of official letters addressed based on the sector of

the project

Classification of land (Industrial)

Address the Ministry of Environment and Health to form a committee for a site visit

Owning a land by the foreigner

Address the Ministry o f I n t e r i o r f o r security clearances of the licensing and registration of land

Classification of land (non-

commercial) within Amman

Address theDistrict Committeein the

Secretariat

Classification of land (non-

commercial) outside Amman

Address the Council Organizationof the

provinces

Inform the OSS representative of the

approval

Inform investor of approval

Land registration and licensing of

the project

1 day

1 day

REGISTERING A COMPANY

AGRO-FOOD SECTOR

The Jordan Valley offers rich and fertile soil with a unique climate to the entire region Jordan is also the 8th producer of olive oil in the world

Unique Geography and Climate

•�X�nThe Jordan Valley offers rich and fertile soil with a unique climate to the Levant Area, being several degrees warmer than the rest of the region that is best exploited by producing high quality cash crops (vegetables, cut flowers, herbs) for the off season.

•�X�nHighlands receive the highest rainfall in Jordan and is the most vegetated region in the country. Suitable for olive trees, and tens of thousand of stone-fruit trees.

•�X�nDry climate is particularly well suited to production of crops, such as tomatoes that are susceptible to fungal diseases in more humid climates.

•�X�nJordan Valley provides ready access for neighboring markets, especially during winter months where their climates do not allow agriculture.

Changing trends

•�X�nThere is a trend for high value crops and food products

•�X�nConsumers are also increasingly purchasing frozen or ready made food products

•�X�nGrowing retail sector and expanding super market chains pushed up the demand for new food products.

Supportive structures

•�XSeveral testing and inspection parties to ensure quality and safety standards

• Considerable size of packaging industry made up of 886 companies (in plastics, paper and paperboard, metal packaging, wood packaging and glass).

•�X�nJordan recognizes itself in using the m o s t d e v e l o p e d a n d m o d e r n technologies that helps in saving water, such as drip systems, automatic low discharge sprayers, mini sprinklers, etc. In addition to the techniques used to increase treated waster water used for irrigation which is expected to reach 177 MCM in 2010, and 219 MCM in 2020.

Investments: The sector comprises of 534 businesses. F&B cluster consisting of more than 30,000 companies with a cumulative turn-over of more than 1.2 million

OPPORTUNITIES

• Produce crops that are water efficient.

• Production of food products for the Middle East and Gulf region Optimize potential for recycling water.

• C re ate m a r ke t i n g f i r m s fo r agricultural products.

• R&D for innovative F&B products.

• Cooperative Range land commercial sheep farm.

• Creation of flavors and fragrances from local plants.

• Develop Best Practice Environmental Option for Agriculture- Use of bio solids

and waste water to farm less sensitive fodder crops for livestock.

• Develop post Harvest Activities for Fruit and Vegetables that aims is to develop a farmer supported firm that would develop an orchard to market approach that aggregates production and establishes economic packing, storage and marketing functions.

• Fruit Concentrate production.

• C o t t a g e f a r m i n g , l i v e s t o c k product ion and process ing of agricultural products.

• Post-harvest companies.

• Production, processing and exports for fresh fruits and vegetables: processing of tomatoes, potatoes, dates, asparagus, canning of different vegetables.

• Grading, packing and cooling and fumigation.

• High value crops such as medical and aromatic plans, fruits and trees.

• Organic farming for the production of vegetables, medical and aromatic plants.

• Expansion of flower and ornamental plant production for local and overseas markets.

• Expansion of protected horticulture (greenhouses).

• Increased use of localized irrigation systems in Irrigated Areas.

• Production of animal feed from the farm's by product.

• Utilization of the byproduct of date palms in the manufacture of containers, floor mats. Etc

CHEMICALS AND ALLIED

PRODUCTS SECTOR

The Chemical Process Industry is currently producing Mineral fertilizers, industrial chemicals; Petroleum products (fuels, lubricants) and Cement, paints, adhesives and more.

Current Resource Based Industries:

The phosphate / potash industries are evolving from mining / extraction industries that export phosphate rock and potash into vertically integrated organizations that are increasingly adding value to local production by manufactur ing and export ing : phosphor ic ac id , d iammonium phosphate, bromine, and aluminum fluoride.

Oil Refining Industry: The national oil products market was liberalized in March 2008. JPRC has made plans to develop capabilities and expand capacity to meet both growth in sales and changes in demand away from heavy fuel oil. As the refinery expansion plans are well advanced, the industry is not further analyzed.

Other Mineral Resource Industries: Cement is the largest, with general demand being met from current and planned developments. High grade silica is a notable new addition to Jordan's mineral resources and provided opportunities for Jordan to expand into new chemical process industries.

Strengths :

• Jordan possesses significant mineral resources that are or could be the basis for several downstream chemical industry clusters: phosphate, potash, silica, and uranium among others.

• Several of the mineral deposits have high levels of purity that facilitate processing to high value added products

Opportunities

• Further processing of already established mineral extraction products: Glass manufacture and silicon manufacture from silica.

• Processes to make high value metals: Copper and uranium.

• Phosphate Industry Replication: Jordan's phosphate reserves are extensive & much greater than reported internationally and / or currently covered by licenses. Global demand is forecast to continue growing, particularly in Asia, which Jordan is well placed to service. The potential exists to create a second organization to help prove and exploit untapped phosphate reserves and to invite new investors into Jordan to work with Government proxies to realize the opportunity.

• Magnesium Plant Restructuring Project: Restructure JORMAG's magnesium plant from production of refractory grade product to production of feedstock for export to magnesium metal manufacturers.

• Production of Light Cement: Utilization of Jordan's naturally occurring zeolites for the production of

specialist light cements.

• Manufacture of silicon from silica: Development of silica mining and processing in the last 2 years provides high grade silica that could be feedstock for manufacture of silicon to meet escalating demand from the photo-voltaic industry.

• High quality float glass plant: The quality of silica now being produced provides an opportunity to start a high quality float glass plant.

• Uranium Processing: Utilizing local deposits as the resource base.

• Copper Processing: Processing local production to intermediate stage for sale to final processors (electrolytic plants).

CONSTRUCTION AND

BUILDING MATERIALS

Rising Demand

• A large number of infrastructure and industrial development projects are currently underway in the Middle East region, with an estimated value of $1 trillion.

• B o t h re s i d e nt i a l ( 7 5 % ) a n d

commercial (25%) markets are growing within Jordan's construction sector with growth rates in the next 5 years being forecasted to exceed 20% per annum due to growing population, migration, and businesses.

• E x p a n d i n g a n d u p g r a d i n g infrastructure across the Kingdom such as: mega-real estate projects, transport (rail, airports, port) , municipality developments (Amman Master Plan, Salt Master Plan), Red Sea to Dead Sea Canal and many more.

Raw materials are naturally available in Jordan

• Jordan possesses significant mineral resources used in the construction industry such as bui lding and ornamental stones (including marble), cement raw materials, sand, gravel, crushed stone and natural sand and others.

• B u i l d i n g S t o n e s : e x t e n s i v e production is focused on limestone's of Cenomanian, Turonian, Santonian, and Eocene ages. These limestone's possess desirable properties of good quality dimension stone, uniform in color and texture, free from pyrite, ironoxides, chert, and quartz, low porosity and permeability, and adequate strength.

• Cement Raw Materials: limestones for Portland cement are widely available in Jordan; the reserves are practically unlimited.

• Sand, Gravel, Crushed Stone (Aggregates)

• Natural Sand: Reser ves are considered to be unlimited for all the above materials.

Cost Competitive Location

• J o r d a n o f f e r s a l o w c o s t manufacturing platform and a quicker delivery for building materials serving a regional construction market

• Tax and duty exemption benefits for entry to Arab markets through Free Trade Agreements

• Relatively low overall labor costs compared to regional competitors

Investments: Large projects are currently taking place such as $ 1 billion Abdali Urban Regeneration, “Jordan Gateway”, “Royal Village”, Saraya Aqaba, Aqaba Prototype City and many to come such as Aqaba Port Relocation project, Red Sea-Dead Sea Canal, Amman City Development Master Plan projects, and many more.

Industry Players: Al Rajihi Cement, CO., Al Faqeer industrial Company, Petra Engineering, Petra Aluminum, Ready Mix Concrete & Construction Supplies, Jordan Rock Wool World Plastics, Industries Company, Jordan Ceramic Industries, Issa Light Concrete Company, Haddadin & Partners Construction Company International Ceramic Industries, Baton for Blocks & Inter Locking Tiles, Arab Potash, Arab Group for Chemical Products Co. Ltd, Al Quds Ready Mix Concrete Company, Al-Mazar Inc Engineering, United for Metal Industries Ltd., and many more

EDUCATION

Jordan has made great strides in educational attainment for several decades and by 2001 has reached a youth literacy rate of 91% compared to the 88% of in the Middle East. Jordan's education industry is built on strong fundamentals – extensive coverage, qualified teachers and improving facilities.

The educational industry in Jordan shares many of the same drivers as other emerging markets, but with certain variations: a young population, immigrants in need of integration, and a

strategic shift to the knowledge oriented sectors where current knowledge and certifications are the key.

Knowledge Oriented Sectors

• Booming services industry to absorb qualified graduates.

JODANS VITAL INVESTMENT SECTORS

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• As the market matures it will enter into more knowledge intensive and focus on international standards and increasing global connectedness, increased role for private sector delivery to augment skills, from teaching to learning, from young students to mature students, from long stints, to many shorter courses over the individuals lifecycle, from national to international markets for higher education.

Availability of Resources

• Large and skilled Labour pool where 20% of the 200,000 students study in the field of Education Scientific & Teacher Training.

• The Jordanian higher education system offers options not always available in developing countries. These include a differentiated system of h i g h e r e d u c at i o n i n s t i t u t i o n s (universities and community colleges) and patterns of ownership (public and private) (World Bank 1996).

Government commitment and government priority

• Jordan is among the region's highest spenders on education, investing more than 20.4% of our GDP to enable a labor force tailored to meet the demands of the modern market.

ENERGY AND UTILITIES

SECTOR

Rising Demand in Jordan and MENA

• Macro population and production growth rates in Jordan and MENA region.

• MENA industries markets are among the fastest growing in the region

• MENA has 4.5% of Worldwide installed power capacity

• GCC to require 100,000 MW in next 10 years

• GCC building interconnected system

• Rising Per capita consumption – trending to 2,000 Watts/person

• Rapid population growth – new connections

• Higher quality infrastructure needs – from IT to residential to regulatory standards

• Rising Power and gas trade – brings about fuel price stability

• Positive GDP growth that is strongly correlated to energy demand Real estate and construction boom

Changing trends

• Rise of environmental friendly energy consumers

• Large global emphasis on climate friendly technologies (small and distributed generation, affordable revenue metering and related equipment and services)

Product prices and key demand drivers

• C o m m e r c i a l p e r f o r m a n c e improvements are critical to improved sector performance

• Rising fuel prices lead to seeking alternative forms of energy

Input costs (for most important raw materials)

• Jordan has abundant resources for renewable energy (solar, wind, oil shale, uranium, etc…)

• Jordan has access to some raw materials (e.g., silicon flour) directly

• Affordable buildings, infrastructure and power supplies for export light assembly

• Available staff and managerial capacity

Energy and Infrastructure projects are bankable projects

• Projects are bankable through Public vs. private company finance structures and joint ventures

OPPORTUNITIES

• Concentrated Solar Power Genera-tion Project

• District Energy Company

• Turnkey Solar Equipment Packager

• Quality Solar Water Heating Systems

• Thermochemical Energy Storage

• Wind Powered Electricity Facility Wadi Araba.

• Small power (20 MW) is a definitive trend that can benefit Jordan

• High efficiency product line - lighting, building controls, windows and building envelope

• Process and Energy ser v ice companies

• Renewable energy technology companies, e.g., Vestas, Suzlon Energy

• Advanced metering for water and electricity industry

• Packaged Ultra Filtration membrane water systems for water reuse

• R&D efforts in :Oil shale – for fuel supply, Refined products – new product ranges, New membrane technologies

Investment in Refining

Crude oil transportation sector

Development and distribution of gas networks

Oil and gas exploration

Development of Risha Filed and Infrastructure

Investment in Electricity Generation P l a n t s a n d E l e c t r i c i t y S e c t o r Privatization

Investment in Oil Shale

LPG projects

Solar Cell Manufacturing

Waste to Energy Plant

Energy Efficiency and Renewable Energy Fund

Electricity Meters

CFL assembly plant

System Integrators

HEALTH CARE AND

MEDICAL SERVICES

Accord ing to the Arab Wor ld Competitiveness Report 2005, Jordan is the top ranking Arab country in terms of healthcare scoring 6.4 in terms of healthcare and primary education in the Arab world in 2007. The Jordanian government spends around 6.1% of its GDP on healthcare with a commitment to reform regulations and provision requirements and foster further privatization in the industry, paving the way for additional modernization and development in the industry.

Growing joint venture partnerships between the public and private sectors are a major stimulant to new investment in healthcare services and infrastructure.

Competitive Advantages

Growing demand for medical

Fueled by the young and growing population of Jordan. Jordan's population is growing at a rate of 3%

annually due to the high fertility rate of 3.7, and the declining infant mortality rate of 22 per 1000. Life expectancy is higher in Jordan than in most developing countries, averaging 71.3 years due to the rising standards of medical services coupled with higher standards of living.

Additionally two important demand generators in the Jordanian medical

industry are incoming immigrants seeking Jordan's comparatively higher standard of living and medical tourism. The national economy is receiving massive injections in developmental capacity and revenue due to the medical tourism sector. The said growth in the sector is arguably due to the correct publicly held perception of Jordan as a supplier of high quality healthcare services in the current market at competitive or below market prices.

In essence this implies that Jordan is increasingly becoming a more popular destination for the provision of medical services outsourcing. A position that as prices for medical care continue to rise meteorically in the west implies our

cost effectiveness in similar quality service provision strengthens the national position furthermore (Please rewrite!). Jordan's entry into the international medical tourism market has been relevantly recent with several medium to large hospitals breaking ground and starting formal programs with more to follow.

ICT SECTOR

Jordan's ICT landscape provides a case study in what it takes to succeed in the internat iona l market p lace- a combination of sound policy, strong telecom infrastructure and growing talent. Jordan's main strengths are in its all-digital network, skilled labor force and strong government backing including the personal support of HM King Abdallah II.

Jordan was the first country in the Arab world to have a fully liberalized telecommunication market and has modernized 75 percent of its ICT related laws, improving the business environment for local and international investors. Jordan also led the region by establishing the first independent telecommunications regulatory body to create a fair, transparent, and competitive investment environment.

ICT is a booming Sector

• It is the fastest growing sector in Jordan expanding by 50% per year.

• Jordan produces some ground breaking start-ups that often expand globally.

• ITO and BPO operations are expected to Global 500 and Fortune 100 IT spending – these companies are trend setters for industry worldwide and some have already screened the Jordanian market.

• Small and Medium Sized Companies in the IT market are now increasing their spend on IT services including outsourcing.

• Offshore outsourcing is a global

mega trend.

• Banks and f inancial services considered to be amongst the fastest growing IT sectors due to the demand for 24 hr. service.

Modern and reliable ICT infrastructure

• Fiber-Optic Link Around the Globe (FLAG) network, WAP, GPRS.

• Strong private-public partnership and government support to advance the infrastructure development.

• Jordan ranked 47th out of 127 countries in the ICT readiness index (2007-2008).

• Jordan as amount the highest spender on research and development as a % of GDP (see World Bank Indicator below)

Major Players and Investments: France

Telecom, Microsoft (USA), Cisco (USA), Vodafone, Sun Microsystems (USA), Orange, MTC/Zain (Kuwait), Batelco (Bahrain), Intracom (Greece), and more

Information Technology Outsourcing (ITO) - Jordanian firms have established an international reputation for offering specialized products and services in e-learning, e-government, e-banking, a n d m u l t i - m e d i a ( c o n t e n t management, animation, and web design)

Business Process Outsourcing (BPO) - Jordanian labor is proficient in many business areas including finance, payroll processing, accounting, telemarketing, document processing, IT support, and R&D.

Arabization and localization services - Jordan's talented workforce, bi-lingual Arabic and English capabilities, cultural closeness to the region, strong regional relationships and time zone advantages favorably positions it to provide Arabization and localization services.

• Target model E-Commerce support to health care sector

• ERP products – customized for

hospitals

• Health insurance services – MOH and insurance service driven

• MENA E-bay

• Customized Search Engines

• New ISP's

• R&D programming

• Expand set-up of “Captives” (service business that allows investors to control assets, intellectual property and management of core business activities)

• Increased build out of broadband service fiber; bundling of internet and cell phone services

• Incubator programs with private and government backing

• Formation of certification centers, e.g., CMMi programs and other certificates

• KADDB led projects – technology commercialization

• Digital TV broadcasting – new standard and products

• Satellite Radio – Increase World Space, XM, Sirius participation in Jordan

• Voice Over IP (VoIP) – Increase number of players for residential and commercial market

• Wireless Local Loop (WLL)

• Amman and Irbid

• Development zones with ICT vocation: King Hussein Business Park (Amman), Irbid Development Zone, Mafraq

• Development Zone

MINERALS AND

PROCESSING

Abundance of natural resources

• Mining and processing in Jordan is mainly non-metallic minerals of which p h o s p h a t e a n d p o t a s h a r e internationally significant industries. The products from extraction of potash and mining of phosphate are increasingly being transformed into chemicals and exported.

• Jordan possesses significant mineral resources that are or could be the basis for several downstream chemical industry clusters: phosphate, potash, silica, and uranium, and copper among others.

• Mineral extraction industries also include calcium carbonate (for cement manufacture), building stones (e.g. traventine) and ornamental stones such as granite and marble, silica (for glass making etc…) and many more.

Numerous minerals have been found in Jordan. Some are abundant (oil shale and basalt), while others pose a huge m a r ke t p o t e n t i a l fo r f i n d i n g commercial reserves.

• Mineral manufacturing industries include: fertilizers, chemical acids, cement, ceramic, cosmetics, rock wool and lime and silicate bricks. The main industries within this part are: fertilizers and chemical acids.

• Several high value metals have high market potential– notably: uranium, tin, copper,& nickel. When both market and resource considerations are combined, the most likely minerals for investment and development are uranium and copper. Others, such as zircon are considered to have some commercial potential while others such as tin have only been discovered as trace amounts.

• Oil shale is one of the most abundant resources in Jordan (over 50 billion tons of geological reserves).

• Several of the mineral deposits have high levels of purity that facilitate processing to high value added products.

PHARMACEUTICAL SECTOR

The Pharmaceutical industry is present since the 1960s with 18 successful local firms. There are 16 major investments emp loy in g 5 ,200 h igh ca l ib er employees. The industry accounts for 20% of manufacturing GDP and has had 17.5% manufacturing growth in 2006.

Industry output in 2007 reached $500 while exports grew by 17% since 2000 (forecast $450m 2010). Jordan is the 2nd largest export industry, exporting ~ 80% of production to 60 countries worldwide. Major export markets include Saudi Arabia, Algeria, Iraq. Whereas capital investments exceeded over $500m in 2007.

The industry caters to two main

markets: Prescription and Over-the-Counter, OTC drugs. Specialties include antibiotics, anti-ulcer drugs, hormones, anti aids/cancer treatments, dosage equipment (patches, injectables).

Jordanian pharmaceutical firms own plants around the world, and are venturing into bio-technology. One firm has recently become the first in the region to be listed on the London Stock Exchange.

Key Advantages

Cost -compet i t ive locat ion for manufacturing and clinical trials

• A low cost regional manufacturing / sales hub with access to a regional healthcare and pharmaceuticals market worth over $4.5 billion per annum for Saudi Arabia alone.

• A Centre of excellence for clinical trials: drug trials cost 50% less than in Europe or US at an average of US$20,000 to $30,000.

• Salaries in the sector 50% lower than GCC and less than one quarter of Ireland & Singapore.

Large, skilled labour pool

• 8,000 direct/indirect employees in the sector and a growing pool of >2,000 students in pharmaceutical and paramedical degree education, with Jordan emerging as a specialist location.

• 11 Universities with Para-medical subjects, 6 clinical research centres and 101 hospitals

• Pharma sector spends 4% of sales on R&D of 6 clinical research centers (EMEA & FDA). accredited), including the International Pharmaceutical

Research Centre (IPRC).

REAL ESTATE SECTOR

The landscape of real estate in Jordan evolved transforming the face of major cities across the Kingdom. Rapid change during the five years has witnessed copious architectural structures and large development projects ranging from residential, commercial, tourism and industrial estates.

There are fundamental dynamics that fuelled demand for real estate in the Jordanian market. First of which is the vibrant growth of the Jordanian economy shaped the market for a more diversified real estates to satisfy high income tastes and middle to low income needs. Second, Gulf countries and investors with excess liquidity resulting from rising oil revenues opted for profitable opportunities in the Jordanian market. Third, political unrest in neighbouring countries from Iraq and Lebanon led to an influx of affluent populations into Jordan who increased the demand for housing and many services. Finally, the vast young population provide a 'Natural Demand' for housing, sustained by flexibility of credit facilities.

The real estate industry is expected to benefit from more than 13 billion JD worth of investments. In addition to the fore mentioned forecast, infrastructure and projects set along the large development projects and estates is expected to reach another 15 billion JD. According to the Department of Land and Surveys the value traded in 2006 reached 4.9 billion which represents a 40% increase from the previous year and is expected to reach 6.0 billion by the end of 2007, and 7.0 billion in the year 2007. The Central Bank of Jordan recently announced that the value of real estate in 2007 amounted to 4.028 billion JD.

The real estate sector has a positive impact on the Jordanian economy, contribution of the sector to the GDP amounts to 1.183 billion JD in 2007 marking a 4.1% growth from the p r e v i o u s y e a r. W h e r e a s t h e construction sub-sector also grow by 9.8% in 2007 reaching 445.6 million JD. Both real estate and the construction sector have enjoyed a considerable period of growth, respectively 6.3% and 13.1% over the past 5 years. According to the Department of Statistics (2007), the real estate sector and related activities employ 3.9% of the Jordanian workforce and construction holds 6.3% of employment.

Contesting real estate market growth the number of construction companies also grew to over 250 companies by 2006 from only 86 in 2003.

TEXTILE & APPAREL

Competitive Advantage

• The Qualified Industrial Zone (QIZ) agreement allows duty-free and quota-free entry of products made in the designated areas to the United States and the Jordan-US Free Trade Agreement allows duty free entry of Jordanian products to US market.

• Access to EU, Arab and Singapore market is provided through Free Trade Agreements signed with Jordan.

• Benefits of the Qualified Industrial Zones (QIZs) and Free Trade Agreement (FTA) with a low cost regional manufacturing/sales hub

• Lead time from Jordan to Europe is around 18 days, to the Far East is approximately 23 days, and to the US about 28 days.

Cost Competitive Location for manufacturing and exporting

• A centre of excellence for clinical trials: drug trials cost 50% less than in Europe or US at an average of USD $20,000 to USD $30,000 (OCO Global/Watson Wyatt 2006)

• Salaries in the sector are 50% lower than GCC and less than one quarter of

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I r e l a n d & S i n g a p o r e ( O C O Global/Watson Wyatt 2006the U.S. Last year, Jordan exported over $1 billion of finished garments to the U.S.

Large, skilled labor pool

• 24,000 current employment in textiles and apparel sector

• Low cost and skilled workforce to produce and meet rising demand trends

• Production of both ethnic costumes and international branded haute couture shows diversity of skill levels and market adaptability to demand.

• Many employment agencies provide relevant skills, and there is a possibility of employing non-Jordanian labor.

• Vocational Training Center provides many training programs for labor on different levels of skill and profession

TOURISM SECTOR

Tourism is predicted to remain the fastest growing sector globally for the next two decades. In Jordan the tourism industry is realizing 10%- 12% sustained annual growth owing to several factors:

Jordan's location and rich cultural heritage assets, holy sites, stability and security, pleasurable climate and majestic nature, bustling business center, natural wonders, family and leisure tailored facilities. Not to m e nt i o n t h e we l l m a i nta i n e d infrastructure, including well trained

multi-lingual staff employed with guide companies, restaurants, international hotels , t ransportat ion, tour ist transport, and car rental services. Moreso, tourist centric regulations are available.

Nexus and strategic location: As the crossroads at the heart of the Middle East, the land of Jordan has served as a strategic nexus connecting Asia, Africa, and Europe. Since the dawn of civilization, Jordan's geography has given it an important role to play as a conduit for trade and communications, connecting east to west, north to south. Jordan continues to play the same vital role today with the advancements made in its modern transportation network and visitation policies.

Safety & Security: According to the Global Competitiveness Report 2007-2008 issued by the World Economic Forum Jordan ranked 9th out of 131 in terms of prevention of organized crime and 14th out of 131 countries around the world in the reliability of police services. Tourism sites are well monitored and secured by the police and public safety services, ensuring every care is taken in the protection of the Kingdom's visitors. Hospitals are well equipped with a high standard of training and qualification for doctors and emergency services.

Climate and Adventurous Geography: For those who love outdoor life, Jordan presents a temperate climate, clear skies and low humidity. The favorable weather allows for plenty of outdoor activities especially in the diverse ecosystem. Activities such as hiking, camping, canyoning, and trekking, mountain-biking, scuba diving have become available; in magnificent areas such as Madaba, Petra, Karak, Wadi Rum, Aqaba, Dana, Feynan, and the Jordan Valley. Today the strikingly beautiful landscape is no longer just intended as scenery. In recent years the global market for alternative holidays and adventure tourism has grown and Jordan's capabilities have risen to the challenge of meeting this growth. Today multiple opportunities are available to investors and entrepreneurs of vision giving them the tools and raw materials

to forge what they have always imagined into reality.

Growing at a rate of 18% per year, adventure travel continues to be the fastest growing alternative for tourism.

Rich Cultural and Heritage Tourism: Jordan has a wealth of archaeological and natural sites that are landmarks of human heritage dating back to the prehistoric Paleolithic and Neolithic periods with surviving archaeological evidence of human settlement from the Middle and Late Bronze Ages such as the Shashu built citadel of Amman.

Jordan witnessed a series of civilizations and historical eras from Hellenistic to Nabatean, Romans, Greek Christendom and Byzantines; and profound Islamic period lined by Umayyad, Abbasid, Fatimid, Mamluk and the Ottoman dynasties. Jordan was a major centre of importance

throughout all three crusades for both sides, a place where for however briefly, medieval European culture survived and thrived, leaving it's mark upon the natives to this day. Jordan was

also the location where some of the greatest battles were fought in the crusade period, battles where the scope and form of the medieval world were shaped by generals such as Salahuddin Al-Tikriti, and Richard the lion heart of Robin Hood fame. In more modern history , Jordan was home to the roots of the Great Arab Revolt led by the Hashemite Sherif Hussein Bin Ali, the Sherif of Mecca and King of Arabs to the present Hashemite rule led by His Majesty King Abdallah II. They left a kaleidoscope of treasures from the rose-red city of Petra, to the stunning visages of Jerash, the Roman coliseum, desert castles, and many many more.

In an attempt to diversify the country's tourism package, the government launched a $70m. Program to beautify and restore five cities of great cultural and historical value: Kerak, Madaba, Salt, Jerash and Ajlun.

Biblical and Holy Land: Jordan is blessed with a rich religious history sacred to each of the monotheistic religions. It is the land and river of baptism, land of innumerable Prophets from Jesus, Moses, Aaron, Kadir, Jethro, Job, Joshua, and the Prophet Mohammad (pbuh). Many of these are known to have died and been buried in Jordan, including Moses (on Mount Nebo), Aaron (on Mount Hor, near Petra), Jethro (in Wadi Shu'ayb, near Salt), Joshua (in Salt) and John (in Mkawer).

Jordan is steeped with Islamic sites such as the cave of sleepers. Sacred sites from Amman to Mount Nebo, where Moses first laid eyes on Canaan, the Promised Land to the Jordan River were Jesus was baptized. Additionally other wonders exist off the beaten path such

the 6th-century mosaic map of the Holy Land in Madaba. This map holds itself in a place of distinction as one of the oldest and largest surviving maps in the world.

TRANSPORTATION SECTOR

Transportation infrastructure along road, rail and air links is well developed. Various plans to achieve these improvements are at an advanced stage.

The transportation sector accounts for more than 10% of Jordan's GDP. It is growing at an annual rate of 6%.The government developed a national transport strategy to upgrade the country's infrastructure, and enable Jordan to capitalize on its natural geographical advantages.

India’s relationship with Jordan has

always been characterized by warmth

and goodwill based on mutual respect.

The two countries signed their first

bilateral agreement for cooperation

and friendly relations in 1947, which

was formalised in 1950 when the two

countries established full-fledged

diplomatic ties.

Our interaction with Jordan in

multilateral fora, particularly under

UN’s framework has fostered better

understanding on mutual concerns

and priorities. Jordan had extended its

support for India’s candidature for a

non-permanent seat in the UN

Security Council for the term 2011-12.

The landmark State visit of His Majesty

King Abdullah II bin Al-Hussein and Her

Majesty Queen Rania to India in

December 2006 provided an excellent

opportunity for exchange of views on

all aspects of our bilateral relations.

During the visit, a number of bilateral

agreements were signed.

His Royal Highness Prince El Hassan bin

Talal paid a visit to India during

October-November 2012.

Foreign Office Consultations between

India and Jordan were held on 1st

April, 2014, in Amman after a gap of

over eight years. Shri Anil Wadhwa,

Secretary [East led the Indian

delegat ion and the Jordanian

delegation was headed by Mr.

Mohammad Taisir Masadeh, Secretary

General in the Ministry of Foreign

Affairs and Expatriate Affairs of the

Hashemite Kingdom of Jordan. Both

sides held constructive discussions on

the entire gamut of bilateral relations,

especially in the fields of politics,

defence, security, economy, energy

and culture. During the visit, Shri

Wadhwa also held talks with Mr.

INDIA-JORDAN BILATERAL TRADE RELATIONSHatem Halawani, Minister for Industry,

Trade & Supply and Minister for

I n f o r m a t i o n C o m m u n i c a t i o n

Technology and Mr. Nasser Judeh,

Minister for Foreign Affairs &

Expatriate Affairs separately. The visit

was widely covered by the local print

media.

Bilateral Trade

India-Jordan trade is governed by an

agreement signed in 1976. A Trade and

Economic Joint Committee constituted

under the Agreement promote and

monitor the progress. Over the years,

bilateral trade has grown rapidly

despite global economic downturn.

Balance of trade was in favour of

Jordan during the last few years for

reasons of massive imports of

phosphate and potash by India.

However, two-way trade in 2013

registered US $ 1.61 billion as against

US $ 1.43 billion in 2012 with balance

of trade significantly shifted in favour

of India for the first time.. A successful

cooperation in fertilizer sector

between the two countries exists. A

Joint venture project worth US$ 850

million between the Jordan Phosphate

Mines Company (JPMC) and the Indian

Farmers Fertilisers Cooperative

( IFFCO) for manufactur ing of

Phosphoric Acid set up in Eshidiya in

October 2009 is scheduled for

commercial operation in May 2014.

The quantum of bilateral trade

between India and Jordan soared to

US$ 1.8 billion in 2008 as compared to

US$570 million in 2006. In 2008, India

was Jordan’s largest export partner

and ninth largest import partner.

Subsequently, in 2009, there was slight

decline in trade turnover between the

two countries registering the volume

of trade at a value of US£983 million

only. Various factors such as global

economic slowdown, decline in the

international price of phosphates and

also on huge trade growth in the

previous year could be attributed for

the decline. Trade volume once again

picked up in subsequent years i.e.

2010, 2011, 2012 and 2013

respectively. Details of trade volume

are tabulated below:

In d ia imp o rts fer t i l i zers ,

phosphates, phosphoric acid etc

from Jordan and exports electrical

machinery, cereals, frozen meat,

organic and inorganic chemicals,

aircraft and its parts thereof, animal

fodders, engineering goods etc.

Possibilities for joint ventures in the

fields of leather, automobile parts, IT,

pharmaceuticals and construction

materials can be explored. Jordan

Investment Board (JIB) is actively

pursuing to attract Indian investments

in Jordan especially in ICT, Financial

Services and Bio-medical services

sectors.

Trade Delegations

There have been regular visits of

business delegations between the two

c o u n t r i e s . A n M o U b e t w e e n

N A S S C O M a n d I n f o r m a t i o n

Technology Association of Jordan

(Int@j) aimed at enhancing joint

col laboration and cooperation

between the Information Technology

Association of Jordan and NASSCOM

as also between the ICT industries of

Jordan and India was signed during the

MENA-ICT Forum 2010.

Business delegations from various

institutions have visited Jordan at

regular intervals for Buyer-Seller

Meets, Trade Promotion and setting up

of Trade Exhibitions in the past.

At present, there are over 500

Jordanian students pursuing studies in

different universities in India. The

number of Jordanian alumni of Indian

universities is over 2500. India is

committed to sharing

its developmental

e x p e r i e n c e w i t h

J o r d a n t h r o u g h

capac i ty bu i ld ing

programmes under

our ITEC programme.

We offer 25 slots

every year to Jordanian candidates

under the ITEC programme.

Indian Community

Jordan is home to more than 10,000

Indians, who are employed in textile,

construction and manufacturing

sectors, fertilizer companies, health

sector, universities, IT, financial

c o m p a n i e s a n d m u l t i l a t e r a l

organisation. There are about 25

garment factories across Jordan

[Qualified Industrial Zones (QIZs)]

owned by Indians with an investment

of over US$ 60 million and employing

over 9500 persons.

Jordan liberalized visa regime for

Indian nationals w.e.f. November

2009. Indian tourists coming to Jordan

now get visa on arrival. As a result of

the new visa regime, people to people

contacts have been further enhanced

increasing the number of Indian

tourists in Jordan to more than 55,000

in 2013.

IMPORTANT CONTACTSEMBASSY OF INDIA IN JORDANNo. 13, Amr Bin Masádah Street,

Jabal Amman, 1st Circle, Amman, Jordan

P.O. Box 2168, Amman 11181, Jordan

Tel.: 00-962-6-4622098, 4637262

Fax: 00-962-6-4659540 / 4611916

Email: [email protected]

(HOM)

[email protected] (HOC &

Administration)

[email protected]

(Administration/Accounts)

[email protected]

EMBASSY OF THE HASHEMITE

KINGDOM OF JORDAN

30, Golf Links,

New Delhi - 110 003, India.Tel: +91-11-24653318 / 24653099

Fax: +91-11-24653353Email: [email protected]

Web: www.jordanembassyindia.org

COMMERCIAL INSTITUTIONS

Amman Chamber of Industry

P.O. Box. No. 1800, Amman, Jordan.

Tel : 009626 464 3001

Fax : 009626 464 7852

e-mail : [email protected]

website : www.aci.org.jo

Amman Chamber of Commerce

P.O. Box No. 287, Amman, Jordan.

Tel : 009626 566 6151

Fax : 009626 566 6155

e-mail : [email protected]

website : www.ammanchamber.org

Jordan Export Development and

Commercial Center Corporation

P.O. Box 7704, Amman 11118, Jordan

Tel : 009626 560 3507

Fax : 009626 560 6120

e-mail : [email protected]

website : www.jedco.gov.jo

Free Zones Corporation

Tel : (05) 382 6429

Fax : (05) 382 6430

website : www.free-zones.gov.jo

Jordan Industrial Estate Corporation

Tel : 009626 402 2101

Fax : 009626 402 1194

The Royal Scientific Society

Tel : 009626 534 4701

Fax : 009626 534 4806

e-mail : [email protected]

website : www.rss.gov.jo

Jordan Investment Board

P.O. Box 893, Amman 11821, Jordan

Tel : 009626 553 1081

Fax : 009626 553 5985

e-mail : [email protected]

website : www.jordaninvestment.com

Federation of Jordanian Chamber of

Commerse

P.O. Box 926182, Amman, Jordan

Tel : 009626 566 5492

Fax : 009626 568 5597

Jordan Trade Association

P.O. Box 830432, Amman, Jordan

Tel : 009626 568 5603, 568 5604

Fax : 009626 568 5605

Jordan Yellow Pages

www.yellowpages.com.jo

Exhibitions in Jordan