Jordan grants citizenship to 206 investors

Economy

Published: 2020-12-28 13:57

Last Updated: 2020-12-28 14:01


Jordan grants citizenship to 206 investors
Jordan grants citizenship to 206 investors

Monday, the acting Head of the Jordan Investment Commission (JIC) Freidoun Al-Hartouqah, confirmed that 206 investors of Arab and other nationalities have obtained Jordanian citizenship from Oct. 2, 2019 until now.

The investments had a direct impact on the national economy (JD 867 million), through which 7,326 individuals were able to seek employment.

30 investor applications are still under consideration.

Of the 206 investors, Hartouqah said 200 of them invested into an existing project with an investment size of JD 854 million; five invested JD 12 million through purchasing deposit and treasury bonds, and one investor purchased shares worth JD one million.

He added that the nationalities that applied to obtain Jordanian citizenship in return for investment in the Kingdom are diverse, including Syrian, Iraqi, Palestinian, Finnish, Canadian, Lebanese, Yemeni, American, Pakistani, Indian, and Saint Kitts and Nevis.

The JIC stated that granting Jordanian nationality to investors in exchange for setting up investment projects is done for the purpose of stimulating investment, settling existing investments and creating job opportunities for Jordanians.