Amman, April 8 (Petra) -- Local and foreign investors said Jordan offers a "competitive" investment environment to attract capital across key sectors, particularly pharmaceuticals, garments and information technology.
Speaking at a session, themed: "Success Stories of Jordanian and Foreign Investors in the Kingdom," held Wednesday on the sidelines of the Economic Forum for Diplomatic Missions in Jordan, participants cited strong priviliges, including royal support and multiple trade agreements.
Chief Executive for Middle East and North Africa Operations at Hikma Pharmaceuticals, Tareq Darwazeh, said Jordan provides a "favorable" environment for the pharmaceutical industry, supported by the Jordan Food and Drug Administration, free trade agreements and the Kingdom’s membership in the Pharmaceutical Inspection Co-operation Scheme (PIC/S), which facilitates access to global markets.
Darwazeh noted Jordan’s infrastructure and regulatory framework enable the production of high-quality medicines that meet international standards, positioning the Kingdom as a regional hub serving Arab and global markets.
Founded in 1970, he said Hikma now operates in more than 50 countries, producing a "wide range of innovative and advanced" treatments, with exports reaching the United States and European markets in line with strict quality and safety standards.
In turn, Indian investor and Chairman of Classic Fashion Apparel Industry, Sanal Kumar, said Jordan is a "strategic" destination for garment manufacturing, citing free trade agreements, a business-friendly environment and government support.
Kumar said the company, established in Jordan in 2003, employs 36,000 workers, including 8,000 Jordanians, and recorded sales exceeding $1.05 billion in 2025, with projections rising to $1.2 billion in 2026.
He called for further sector development to attract more investment and boost industry output to over $8 billion by 2033.
Meanwhile, CEO of Mawdoo3.com, Rami Qawasmi, said Jordan’s information technology and entrepreneurship sectors are advancing steadily, driven by artificial intelligence, data utilization and digital transformation.
He highlighted "strong" support from His Majesty King Abdullah II and His Royal Highness Crown Prince Al Hussein bin Abdullah II, alongside government incentives and legislation that have enabled startups to scale locally and regionally, with a focus on Arabic content and AI to enhance global competitiveness.
Despite challenges, Qawasmi said Jordan continues to offer "significant" investment opportunities, particularly through regional market integration and partnerships with global firms to expand digital content and productivity.
The forum, which is organized by the Jordanian Businessmen Association in cooperation with the Ministries of Investment and Foreign and Expatriates Affairs, is held under the theme: "Investment for the Future." //Petra// NQ
