The Eighth Conference of Jordanian Expatriate Businessmen and Investors recommended establishment of a central database for Jordanian expatriates, as well as an investment fund, and issuance of expat bonds. The recommendations, which were announced by Board of Directors of Jordan Businessmen Association (JBA) memeber, Yusra Tahbob, also advised establishment of an expat village within systems and incentives to stimulate establishment of economic projects in multiple sectors and issue a law under the name: “Jordanian Expatriate Investors Law”. Addressing the event’s closing ceremony, on Sunday, Tahbob stressed importance of activating role of Jordanian embassies and diplomatic missions in promoting investment opportunities according to strategic plans. In this regard, she called on accrediting JBA as a liaison officer with expatriates and Ministry of Investment and to find alternative financing channels for development projects to avoid high interest rates and faltering of existing enterprises. Tahbob also noted recommendations advised abolishing tax on trading in stocks and bonds listed on the Amman Stock Exchange (ASE). In their proposals, the participants emphasized need to streamline procedures for establishing public shareholding companies and promoting investment in the ASE in various financial markets, including the Arab Gulf countries. The attendees also called for launching additional incentives for green economy projects in the field of sustainable development in Jordan’s governorates, in light of the world’s huge development in energy technology, especially waste treatment. Tahbob also noted importance of activating role of the Ministry of Foreign Affairs in liaising expatriates in their countries of residence. The two-day event was organized by the JBA, in partnership with the Ministries of Foreign Affairs and Investment.
Source: Jordan News Agency