Building Economic Sustainability through Tourism Project

Seven tourist projects benefit from

16 tourism projects in Jordan benefit from investment incentives and tourism loans

In 2016, the Jordanian government approved a package of incentives to stimulate investment in the country’s tourism sector. In the past two months, seven tourism projects have obtained approval by the Jordan Investment Commission to benefit from these incentives. The businesses include restaurants, hotels and recreational facilities in Amman, Balqa, Wadi Rum, Mafraq and Ma’an. The total investments in these projects is more than JD40 million and they have been anticipated to create more than 120 new jobs.

Meanwhile, nine tourism projects have received loans offered by banks partnering with USAID BEST. The overall value of the loans offered to these businesses is nearly half a million dinars. The business ventures are in Amman, Balqa and Karak and include six new restaurants, two new travel agencies and one coffee shop.

USAID BEST cooperated with the Jordan Investment Commission in a campaign to raise awareness of the available exemptions, incentives and loans both online and through interactive workshops across the country. USAID BEST partnered with the Housing Bank, Arab Islamic International Bank, Capital Bank and Jordan National Bank, who agreed to provide financing for small and medium-sized tourism projects in Jordan. This will enhance access to the capital necessary for the tourism sector’s continued advancement.

To learn more about the investment incentives and tax exemptions granted to the tourism sector click here.

Adnan Momani – Owner of the Aklil Resort in Ajloun

"I learned of the existence of the investment incentives by attending a session organized by the Jordan Investment Commission and the tourism project. After reviewing the potential benefits, we applied and received approval very quickly. As a result, we have gained customs and tax exemptions on cement and iron as well as on resort furniture and electrical appliances. All of this has and will help me launch my business in early March."