The Spanish Ministry of Commerce, through ICEX España Exportación e Inversiones and the Economic and Trade Office of the Embassy of Spain in Amman, will organize an Investor Mission to this city on 12 and 13 March 2013, within the context of the programs aiming to internationalize Spanish business.
The aim of this Investor Mission is to identify investment and business cooperation opportunities (projects of investment, implementation and participation in tenders), as well as potential partners in Jordan. During this event you will gain direct contact with Jordanian businessmen interested in establishing strategic alliances, and learn first-hand of the regulatory framework regarding foreign investment which, according to Law No. 16, of 1995, on boosting foreign investment, provides tax incentives to investors, facilitates licensing and registration procedures and grants exemptions on imported raw materials.
Jordan, due to its geographical location, political stability compared to other countries in the region, ownership of infrastructures and a network of free trade agreements, is by necessity an economy open to foreign trade, which also provides considerable opportunities for foreign investors.
The sectors earmarked as priorities (although by no means exclusively) during this Investor Mission are as follows: Renewable Energy and the Environment. Within this sector, the Jordanian market offers business opportunities due to the lack of a local industry in this area and the increasing needs of a developing country with limited resources that wishes to reduce its energy dependence. To this end, the Jordanian government established a Strategic Plan in 2007 aiming, firstly, to increase the share of renewable energy to 10% (1,800 MW) of the total energy mix and, secondly, to raise energy savings to 20% by 2020.
It is possible that the activity described above could be financed by the European Union through the European Regional Development Funds (ERDF), of which ICEX España Exportación e Inversiones is the executive body.