Jordan enacted the Investment Fund Law

Jordan enacted the Investment Fund Law (Law No. 16 of 2016) to establish a fund (the Fund) as a legal entity endowed with administrative and financial independence and authorized to own movable and immovable properties. According to the law, sovereign funds and Arab and foreign investment institutions are invited to establish a shareholding company or more to invest in development rights and in projects listed in the law. The law stipulates that the Fund has the right to possess, invest and develop certain projects such as the national railway network, the electricity interconnectivity project with Saudi Arabia, the pipeline to transfer crude oil and fuel derivatives to the Jordan Petroleum Refinery Company and consumption and storage points.

• Type:

  • Entry and establishment (Ownership and control)
  • Promotion and facilitation (Investment incentives)

• Industry:

  • Not industry specific

• Sources:

  • Jordan News Agency (Petra), Senate endorses Jordan Investment Fund Law for 2016, http://www.petra.gov.jo/Public_News/Nws_NewsDetails.aspx?lang=2&site_id=1&NewsID=254933&Type=P, 24 May 2016
  • The Jordan Times, Gov’t seeking local, int’l partners in projects handled by investment fund, http://www.jordantimes.com/news/local/gov%E2%80%99t-seeking-local-int%E2%80%99l-partners-projects-handled-investment-fund, 01 Jul 2016
  • U.S. Library of Congress (Global Legal Monitor), Jordan: Investment Fund Law Enacted, http://www.loc.gov/law/foreign-news/article/jordan-investment-fund-law-enacted/, 29 Jun 2016