Jordan Receives US$1.2 Billion Through Citizenship by Investment Program
/206 Arab and foreign investors have already received citizenship through the Citizenship by Investment program and have brought the country US$1.2 billion.
The program is becoming more and more popular among investors. Fredon Hartoqa, Acting President of the Jordan Investment Commission (JIC), said Jordanian citizenship is granted to investors in exchange for creating investment projects aimed at stimulating the investment environment and creating jobs for Jordanians.
The official statement says that foreign direct investment has had a direct impact on the national economy, increasing the number of workers.
Regarding the types of investors who obtained citizenship, Hartoqa indicated that 200 investors obtained citizenship through an existing project with an investment of 854 million Jordanian dinars, 5 investors received citizenship by making a deposit and buying Treasury bonds with an investment of 12 million Jordanian dinars, and one investor received citizenship by purchasing shares with an investment of one million dinars.
Hartoqa added that investors who have applied for Jordanian citizenship in exchange for investing in the Kingdom are of the following nationalities:
Syrian, Iraqi, Palestinian, Finnish, Canadian, Lebanese, Yemeni, American, Pakistani, Indian, and Kittitian.
Source: petra.gov.jo
