Latest news with #JD1.5
Zawya
08-04-2025
- Business
- Zawya
Jordan's agricultural exports surge to $2bln in 2024
AMMAN — Jordan's agricultural sector recorded "significant" economic growth of nearly 7 per cent over the past year, according to the latest report issued by the Department of Statistics (DoS). The report indicated that agriculture contributed 6.9 per cent to the national economy in 2024, marking a notable improvement in the sector's overall performance, positioning agriculture ahead of several other sectors in terms of contribution to GDP. The sector also drove a robust 8.4 per cent increase in Gross Domestic Product (GDP) during the fourth quarter of 2024, reflecting a strong upward trend in agricultural productivity and its growing role in the Kingdom's economic development. The report also noted that the progress aligns with the Kingdom's commitment to the Economic Modernisation Vision and the national plan for sustainable agriculture, which aims to revitalise both plant and livestock production while enhancing the sector's resilience and productivity. Agricultural exports also witnessed remarkable growth in 2024, reaching over JD1.5 billion, an increase of JD426 million from JD1.1 billion in 2023. This 39 per cent year-on-year rise underscores the sector's expanding role in foreign trade and the increasing global demand for Jordanian produce. Speaking with The Jordan Times, Muhannad Khatib, a farmer based in the Jordan Valley, said: 'This growth reflects the effort stakeholders, particularly farmers, have been putting in despite rising costs and climate challenges. It motivates us to improve quality and expand our production.' Huda Sharif, a farmer from Madaba, said: 'To sustain this momentum, we need continued government support and access to modern technologies in the field.' Despite the progress, challenges persist. Farmers continue to grapple with high production costs, water scarcity, and the pressing need for advanced agricultural technologies to ensure long-term sustainability and growth, according to stakeholders. © Copyright The Jordan Times. All rights reserved. Provided by SyndiGate Media Inc. (
Jordan Times
07-04-2025
- Business
- Jordan Times
Jordan's agricultural exports surge to JD1.5b in 2024
The Department of Statistics (DoS) says that agricultural sector recorded "significant" economic growth of nearly 7 per cent over the past year (Petra photo) AMMAN — Jordan's agricultural sector recorded "significant" economic growth of nearly 7 per cent over the past year, according to the latest report issued by the Department of Statistics (DoS). The report indicated that agriculture contributed 6.9 per cent to the national economy in 2024, marking a notable improvement in the sector's overall performance, positioning agriculture ahead of several other sectors in terms of contribution to GDP. The sector also drove a robust 8.4 per cent increase in Gross Domestic Product (GDP) during the fourth quarter of 2024, reflecting a strong upward trend in agricultural productivity and its growing role in the Kingdom's economic development. The report also noted that the progress aligns with the Kingdom's commitment to the Economic Modernisation Vision and the national plan for sustainable agriculture, which aims to revitalise both plant and livestock production while enhancing the sector's resilience and productivity. Agricultural exports also witnessed remarkable growth in 2024, reaching over JD1.5 billion, an increase of JD426 million from JD1.1 billion in 2023. This 39 per cent year-on-year rise underscores the sector's expanding role in foreign trade and the increasing global demand for Jordanian produce. Speaking with The Jordan Times, Muhannad Khatib, a farmer based in the Jordan Valley, said: 'This growth reflects the effort stakeholders, particularly farmers, have been putting in despite rising costs and climate challenges. It motivates us to improve quality and expand our production.' Huda Sharif, a farmer from Madaba, said: 'To sustain this momentum, we need continued government support and access to modern technologies in the field.' Despite the progress, challenges persist. Farmers continue to grapple with high production costs, water scarcity, and the pressing need for advanced agricultural technologies to ensure long-term sustainability and growth, according to stakeholders.
Jordan Times
07-04-2025
- Business
- Jordan Times
Agricultural sector achieves 6.9% economic growth
The Department of Statistics says that Jordan's agricultural sector demonstrated economic growth, contributing 6.9 percent to the national economy last year (JT file) AMMAN — Jordan's agricultural sector demonstrated economic growth, contributing 6.9 percent to the national economy last year, according to the Department of Statistics (DoS). A report released by the department on Sunday highlighted a "strong" performance in the fourth quarter, with a notable 8.4 percent increase in GDP, marking a new phase of momentum in agricultural development, Al Mamlaka TV reported. The growth aligns with the Royal Vision for Economic Modernisation and supports the National Strategy for Sustainable Agriculture, which focuses on strengthening both crop and livestock production. The sector's success has been driven by increased investment, enhanced support for agricultural cooperatives, and the organisation of specialised exhibitions that foster innovation and knowledge sharing. A key indicator of progress is the rise in agricultural exports, which surged from JD1.1 billion in 2023 to over JD1.5 billion in 2024, reflecting a 39 per cent increase. To sustain this positive trend, the government has prioritised the development of production and supply chains through strategic public-private partnerships. These initiatives have not only helped manage surplus production but have also facilitated the establishment of 20 new food processing factories, further bolstering the sector's infrastructure. A separate study by the DoS revealed that agriculture, through its interconnected sectors, now influences 23.5 per cent of the national economy, a significant milestone for the industry. Additionally, 27 per cent of the Kingdom's agricultural output is exported, underscoring the sector's increasing international competitiveness. The figures also indicate that 52 per cent of agricultural inputs are locally sourced, showcasing the resilience of the sector and its capacity to withstand external economic challenges. Page 2
Zawya
18-03-2025
- Business
- Zawya
Jordan: Investment Ministry issues 2025 instructions for granting investor card
AMMAN: The latest issue of the Official Gazette included the 2025 instructions for granting the investor card in its three categories (A, B, and C) to investors and their family members. These instructions are issued in accordance with Article 17/B of the Investment Environment Law No. 21 of 2022, the Jordan News Agency, Petra, reported. The Ministry of Investment introduced the investor card to streamline administrative procedures at government institutions, granting cardholders priority in completing transactions, accessing high-quality services, and facilitating investment-related processes. The card also ensures smooth entry and movement through Jordan's border crossings and airports. The ministry reserves the right to verify, at any time and through any means deemed appropriate, that the cardholder continues to meet the eligibility requirements. If any conditions are violated, Article 18 of the instructions will apply. Under the new regulations, if an investor card has expired for more than a year, a renewal request will be processed as a first-time issuance. If an investor transfers their card to a new company while it remains valid, it will be reissued for the remaining period. If the card has expired, the application will be treated as a first-time issuance. An investor card (A) is granted by the director of the Investment Services Directorate if the investor's stake in a company's registered capital or total shares across multiple companies amounts to at least JD150,000, provided that the company creates at least 25 jobs for Jordanians or five jobs in the ICT sector. The card is granted if the investor's total shareholding exceeds JD300,000 and the company employs at least 15 Jordanians, or three in the ICT sector. The company must have registered these employees with the Social Security Corporation for at least four months before issuance or renewal. The card is valid for one year upon initial issuance and three years upon first renewal. For the second renewal and beyond, the investor must maintain eligibility for five consecutive years. The minister may, upon the recommendation of the Investment Services Director, issue a category (A) card to investors whose projects do not meet the initial requirements, provided their fixed assets exceed JD1.5 million or their sales, imports, or purchases exceed JD1.5 million, with at least JD500,000 in fixed assets and a minimum of three Jordanian employees. For projects exceeding JD5 million in assets or transactions, with at least JD500,000 in fixed assets and five Jordanian employees, the card will be issued for one year and renewed for three years at a time. The minister also has the discretion to issue up to 50 investor cards annually, maintaining a maximum of 250 active cards at any given time, for individuals with strong investment reputations who are expected to bring new investments to Jordan. A category (B) investor card is issued to Syrian investors with at least JD50,000 in registered capital, provided their company creates six job opportunities for Jordanians. The card is granted by the investment services director and is valid for one year, renewable under the same conditions. The minister may issue a Category (B) card to the chairman or board members of a foreign company that directly invests at least JD50,000 in a Jordanian firm, provided it creates six Jordanian jobs. Companies may receive up to three such cards, depending on their shareholding size. The minister may issue a category (B) investor card based on recommendations from the Syrian Affairs Committee at the Ministry of Interior. A category (C) card may be issued to Syrian investors with at least JD25,000 in registered capital and companies employing at least three Jordanians. The card is valid for one year and is renewable under the same conditions, provided its expiration date does not exceed that of the work permit required by law. This card can also be granted to senior management employees of eligible companies upon request. The instructions mandate that investors requiring work permits must obtain them from the relevant authorities before receiving their Investor Card. © Copyright The Jordan Times. All rights reserved. Provided by SyndiGate Media Inc. (
Jordan Times
17-03-2025
- Business
- Jordan Times
Investment Ministry issues 2025 instructions for granting investor card
AMMAN — The latest issue of the Official Gazette included the 2025 instructions for granting the investor card in its three categories (A, B, and C) to investors and their family members. These instructions are issued in accordance with Article 17/B of the Investment Environment Law No. 21 of 2022, the Jordan News Agency, Petra, reported. The Ministry of Investment introduced the investor card to streamline administrative procedures at government institutions, granting cardholders priority in completing transactions, accessing high-quality services, and facilitating investment-related processes. The card also ensures smooth entry and movement through Jordan's border crossings and airports. The ministry reserves the right to verify, at any time and through any means deemed appropriate, that the cardholder continues to meet the eligibility requirements. If any conditions are violated, Article 18 of the instructions will apply. Under the new regulations, if an investor card has expired for more than a year, a renewal request will be processed as a first-time issuance. If an investor transfers their card to a new company while it remains valid, it will be reissued for the remaining period. If the card has expired, the application will be treated as a first-time issuance. An investor card (A) is granted by the director of the Investment Services Directorate if the investor's stake in a company's registered capital or total shares across multiple companies amounts to at least JD150,000, provided that the company creates at least 25 jobs for Jordanians or five jobs in the ICT sector. The card is granted if the investor's total shareholding exceeds JD300,000 and the company employs at least 15 Jordanians, or three in the ICT sector. The company must have registered these employees with the Social Security Corporation for at least four months before issuance or renewal. The card is valid for one year upon initial issuance and three years upon first renewal. For the second renewal and beyond, the investor must maintain eligibility for five consecutive years. The minister may, upon the recommendation of the Investment Services Director, issue a category (A) card to investors whose projects do not meet the initial requirements, provided their fixed assets exceed JD1.5 million or their sales, imports, or purchases exceed JD1.5 million, with at least JD500,000 in fixed assets and a minimum of three Jordanian employees. For projects exceeding JD5 million in assets or transactions, with at least JD500,000 in fixed assets and five Jordanian employees, the card will be issued for one year and renewed for three years at a time. The minister also has the discretion to issue up to 50 investor cards annually, maintaining a maximum of 250 active cards at any given time, for individuals with strong investment reputations who are expected to bring new investments to Jordan. A category (B) investor card is issued to Syrian investors with at least JD50,000 in registered capital, provided their company creates six job opportunities for Jordanians. The card is granted by the investment services director and is valid for one year, renewable under the same conditions. The minister may issue a Category (B) card to the chairman or board members of a foreign company that directly invests at least JD50,000 in a Jordanian firm, provided it creates six Jordanian jobs. Companies may receive up to three such cards, depending on their shareholding size. The minister may issue a category (B) investor card based on recommendations from the Syrian Affairs Committee at the Ministry of Interior. A category (C) card may be issued to Syrian investors with at least JD25,000 in registered capital and companies employing at least three Jordanians. The card is valid for one year and is renewable under the same conditions, provided its expiration date does not exceed that of the work permit required by law. This card can also be granted to senior management employees of eligible companies upon request. The instructions mandate that investors requiring work permits must obtain them from the relevant authorities before receiving their Investor Card. Page 2
