The Citizenship by Investment program in Jordan is getting more popular among many Arab and foreign investors.
According to the latest update from Acting President of the Jordan Investment Commission (JIC) Fredon Hartoqa has said that 206 Arab and foreign investors obtained the Jordanian citizenship as of October 2, 2019 to date, while 30 applications are still under consideration.
He pointed out that granting Jordanian citizenship to investors in return for setting up investment projects aimed at stimulating the investment environment and creating job opportunities for Jordanians.
In a statement on Monday, the JIC said that the volume of investments, estimated at JD 867 million ($1.221 billion), had a direct impact on the national economy, adding that the number of workers reached 7,326 workers.
On the types of investors that obtained citizenship, Hartoqa indicated that 200 investors obtained citizenship through an existing project with an investment size of JD 854 million, 5 investors obtained citizenship by making a deposit and purchasing treasury bonds with an investment size of JD12 million, while one investor obtained citizenship through purchasing stocks with an investment size of one million dinars.
The nationalities that applied to obtain the Jordanian citizenship in return for investing in the Kingdom included Syrian, Iraqi, Palestinian, Finnish, Canadian, Lebanese, Yemeni, American, Pakistani, Indian, and Kittitian, Hartoqa added.
Source: Jordan News Agency
