( Jordan lawyer ( COUNTRY PERSPECTIVES – JORDAN

Jordan lawyer ( COUNTRY PERSPECTIVES - JORDAN

9 سنوات ago

COUNTRY PERSPECTIVES – JORDAN Country presentation Located at the junction of Asia, Europe and Africa, Jordan is bordered by Syria to the north, Iraq to the northeast, Saudi Arabia to the east and south, and Israel and the Israeli administered West Bank Area C to the west. It shares the Dead Sea coastline with Israel and the Gulf of Aqaba with Israel, Saudi Arabia, and Egypt. Visit ANIMA-MedMaps, an interactive tool that allows users to visualise foreign investment projects and business partnerships detected in Jordan since 2003. www.medmaps.eu Latest News – Jordan Latest Investments – Jordan Documents A small country that relies on export industries and the knowledge economy Jordan, a small country, has faced the failure of its agricultural resources (arable land accounts only for 6% of the country) and aquifers (the lowest in the world). It is enjoying, however, important mineral reserves, including potash and phosphate, of which it is the 3rd largest exporter. While Iraq was its first client, it has greatly experienced the strong negative impact of war on tourism, foreign trade and foreign investment. Nevertheless, all these indicators have quickly turned back to green. Between 2004 and 2008, Jordan has seen its exports doubling and its GDP increasing of 6.3% per year on average. This positive momentum has been encouraged by the many reforms initiated in recent years for a better control of the public debt, the fiscal deficit, the openness and privatisation of the economy and the foreign investment increase. During the 1999-2008 period, the country had managed to raise external debt of 120% to 31% of GDP. Many trade agreements were also signed. But, despite the launch of a programme of privatisation, the public sector remains the main employer in the country, controlling almost 30% of GDP and maintaining a major role in sectors such as basic services, mining, agriculture, education, transport, etc. Moreover, Jordan is far from fully exploiting its export potential. European countries and the Gulf yet appear as promising markets, including pharmaceuticals, minerals, tourism and banking. Employing a highly qualified workforce, they help to fight against the major problems of Jordan: the unemployment and poverty. Covering the 2006-2015 period, the national strategy adopted by the government has as main objective the improvement of the living quality of Jordanians by creating 600 000 jobs, pushing the unemployment rate to 6.8%, against 12.5% in 2004 and the poverty rate to 10%, against 14.2% in 2002. During the decade, annual growth of 7.2% is expected. The strategy includes 3 main phases: from 2007 to 2012, the government will focus its efforts on creating employment opportunities through structural reforms, upgrading infrastructure, education and promotion of industries oriented to export and labour intensives; from 2013 to 2017, it will work to strengthen the country’s industrial capacity and to lay the groundwork for future Jordanian economy of knowledge. For the first phase, 8 priority areas of intervention have been identified: political development and inclusion, law and justice, investment development; financial and tax reform, support to employment and vocational training, welfare, education, higher education, scientific research and innovation, upgrading of infrastructure. Regarding investment promotion, the strategy provides a reform for institutions and key priority sectors. On the one hand, it aims at improving the skills and capacity of the different institutions in charge of investment and enterprise development: the Jordan Investment Board (JIB), the Enterprise Development Corporation (JEDCO), the Industrial Estates Corporation (JIEC) and the Free Zones Corporation (FZC). On the other hand, the strategy includes cross-sectoral measures (development of human capital, finance, technology, processes, infrastructure and trade agreements, improving procedures, taxation and business support) to encourage the development of sectors in which Jordan enjoys comparative advantages (ready-to-wear, medicine, agriculture, agri-business, minerals, stone, steel, household equipment, tourism, health, ICT). From 2007 to 2009, 833 projects from the national strategy have been implemented for a total cost estimated at 3.6 billion dollars. Continuous reforms to encourage foreign investment As a historically outward country due to the lack of natural resources, Jordan plays an important role in the geopolitics of the Middle East. This strategic position gave it the status of privileged interlocutor of the United States. In 2000, Jordan was the first Arab country to conclude a free trade deal with the United States which is its first customer. It will apply to almost all goods and services by 2010. The country joined the Great Arab Free Trade area in 1998, signed at the Agadir Agreement in 2004 (which creates a free trade area between the European Union, Egypt, Tunisia, Morocco and Jordan), a bilateral free trade agreement with Singapore and 38 bilateral treaties. In late 2007, negotiations were undertaken with Canada to establish a free trade agreement. In recent years, Jordan has benefited from large inflows of FDI, especially from Gulf countries that have heavily invested in the banking sector. Real estate, tourism and light industry have also shown a strong attractiveness. After reaching 3.2 billion dollars in 2006, FDI inflows fell to 1.8 billion in 2007. Stimulated by the dynamic real estate sector and PPP projects, FDI has started to grow in 2008, amounting to 2.4 billion dollars and the trend should continue in the years to come. This great attractiveness stems from the ongoing government efforts to improve the business environment and attract more FDI. Regularly revised, the tax should be substantially simplified by adopting a unified tax code. As another major initiative, the defining of a new investment strategy has led to the development of a map representing 150 investment opportunities in 15 key sectors of the Jordanian economy and a new law to promote investment, which will shortly be approved by Parliament. Adopted in 2008, the Development Zones Law has established a regulatory framework to encourage investment in areas identified as priorities, including through tax incentives. Finally, the introduction of a new strategy of public-private partnership should extend the privatisation programme which has already been well underway.

Jordan lawyer

على الصعيد الخارجي عمل مستشارا قانونيا لأكبر دور الصحافة و النشر العالمية وتسلم مهام الاستشارات و التمثيل القانوني على مستوى دول الشرق الاوسط ، و تولى ادارة مجموعة من القضايا العادية و التحيكمية التي رفعت لمصلحة شركات و أفراد عرب في الدول الغربية مثل امريكا و كندا و فرنسا و استراليا و هولندا و جنوب افريقيا و الصين و غيرها من الدول وكذلك الكثير من الدول العربية مثل السعودية و البحرين و الامارات و عُمان و الكويت و اليمن و سوريا و العراق و مصر و تونس و الجزائر و ليبيا ، و نظرا لانجازاته المهنية المميزة فهو حاصل على عشرات التوصيات من مراجع عربية و اجنبية . على الصعيد الداخلي فيحضى المحامي سامي بمكانة قانونية رفيعة حيث عمل مستشارا للصندوق الهاشمي الأردني وهو محام متخصص في مسائل الشركات و قضايا الملكية الفكرية وبراءات الاختراع و التجارة الالكترونية و الجرائم الالكترونية، و هو محاضرا قانوني في العديد من الدورات القانونية و هو محكم دولي معتمد وحاليا المحامي سامي العوض شريك مدير في شركة حماة الحق لأعمال المحاماة وهي شركة محاماة دولية متخصصة مكونة من مجموعة من المحامين المتخصصين التي حققت سمعة و نجاح كبيرين و مقرها الرئيسي مدينة عمان الأردن.

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