AMMAN, 28 May 2007 — Jordanian Finance Minister Ziyad Fariz said yesterday that foreign investments in the country reached $3 billion last year, thanks to the policies adopted by the government for promoting the investment infrastructure. “Foreign investments in Jordan reached $3 billion last year or 22 percent of the country’s gross domestic product (GDP),” Fariz said in a statement summing up the country’s economic achievements over the past year on the occasion of the Independence Day. He expected this figure to go up substantially this year following the government’s signing of projects totaling $2.5 billion during the World Economic Forum which was held last week at the Dead Sea resort. Fariz also reported a 30 percent rise in the country’s reserves of foreign currencies, to $6.1 billion at the end of 2006 from $4.7 billion at the end of 2005.
