Legal Framework
From The Report: Jordan 2016
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This chapter contains an overview of the legal framework in which local and foreign investors operate in Jordan, including an outline of sectors in which foreign ownership is restricted and a look at recently promulgated legislation for public private partnerships.

This chapter contains a viewpoint from Khaled Asfour, Managing Partner, Zu’bi Advocates & Legal Consultants.

Articles from this Chapter

Overview

Consolidation is key: Changes to the regulations governing investment and public- private partnerships aim to streamline business processes
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Investment Law The Investment Law No. 30 of 2014 (the Investment Law) sets out the legal framework to enhance, support and incentivise investments in Jordan. It also aims to unify legislation pertaining to investments in general, regardless of whether such investments are in development zones, free zones or other jurisdictions. Investment Commission The Investment Law established the Investment Commission, which has full authority to exclusively regulate investments and to facilitate licensing…

Viewpoint

In the details: Khaled Asfour, Managing Partner, Zu’bi Advocates & Legal Consultants, on the Public-Private Partnership Law
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The development of sectors such as transport and energy is dependent on the use of modern technology, which is found mainly in the private sector. This is also dependent on the availability of guaranteed and continuous financing, which the public sector alone cannot sustain. Therefore, public-private partnerships (PPPs) are indeed essential to the economic growth of Jordan. Jordan has achieved an important milestone through the enactment of the Public-Private Partnership Law No. 31 of 2014 and its…