Syrian investments flowing to Jordan

Syrian investments have started flowing to Jordan over the past two months, Director General of the Investment Promotion Corporation in Jordan Dr. Awni Al-Rushoud has said.  Syrian investments in Jordan in 2013 are expected to reach more than $1 Billion, Dr. Al-Rushoud said in a press statement issued here Thursday. He made clear that the Investment Promotion Corporation granted approvals for 50 investors to set up investment projects in Jordan estimated at JOD125 Million, adding that these investments, distributed in the industrial areas of Amman, are concentrated in the industrial sectors, especially manufacturing, plastics, confectionery, food and paper.  The Jordanian official noted that the corporation is working to address the banks and official bodies to facilitate the procedures for funds transfer and deposit for Syrians investors obtaining approvals for their investments in the country.