Jordan lured JOD 1.9bn ( USD 2.7bn ) worth of inward investment projects benefiting from incentives under the Investment Promotion Law in 2013, marking a 20% increase, the state news agency Petra reported on January 14 , citing a statement by the Jordan Investment Board. The reading nearly matches the government initial forecast of JOD 2bn worth of investments in 2013. Projects initiated by resident investors totalled JOD 797mn (41% of the total) while those launched by foreign investors amounted to JOD 1.132mn. The industrial sector lured the bulk of investments at JOD 1.1bn followed by the entertainment sector at JOD 527mn, hotels with JOD 142mn and transport at JOD 82mn. These investments are classified as value-added and income-generating projects and will reportedly create some 22,000 jobs once implemented. The regional turmoil has helped Jordan attract new capital inflows likely seeking a safe haven given the country's relative stability.
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