1/5/2025–|Last updated: 1/5/202506:29 PM (Mecca time)
The Central Bank of Jordan said that preliminary balance of payments data showed an increase in net foreign direct investment flowing into Jordan during the third quarter of 2024 by 3.7% to $457.8 million compared to the same quarter of 2023.
The bank added in a press statement that the total foreign investment during the first three quarters of 2024 nevertheless decreased to 1.3 billion dollars (or 3.3% of GDP during the first three quarters of 2024) from 1.6 billion during the same period of the year. which preceded it.
The bank stated that despite this decline, the volume of these flows exceeded what was recorded during the entire years 2021 and 2022.
The share of Arab countries reached 49.1% of the total flows, led by the Gulf Cooperation Council countries, which contributed 31.7% of the total investments. While the European Union countries accounted for 11.5%, the Netherlands topped the list with 4.9%, followed by France with 3.5%, and non-Arab Asian countries accounted for 7.2%, with China topping the list with 2.5%, and India with 2.1%, while the other countries combined accounted for 32.2%. % of total foreign direct investment flows.
The data indicated the stability of these flows as a percentage of gross domestic product at 3.2%, which reflects the continued attractiveness of the Jordanian economy to foreign investments, despite the state of instability in the region.
Foreign direct investment within the Kingdom is distributed according to economic activity during the first three quarters of 2024 as follows:
- Finance and insurance activity accounted for 15.7%
- Followed by manufacturing activity, at 7.7%.
- Then information and communications 7.5%,
- Mining and quarrying 7.3%,
- Followed by transportation and storage, 7%.
- Finally, wholesale and retail trade activity, which constituted 6.1%.
Investments by non-Jordanian individuals in land and real estate constituted 14.9% of the total flows of these investments.
