The World Association of Investment Promotion Agencies (WAIPA) have implemented with the European Bank for Reconstruction and Development (EBRD) a tailormade capacity development project on aftercare in Jordan funded by the UK Department for International Development.
The project consultant is Andreas Dressler who has been active in foreign direct investment (FDI) for over 20 years. He is the managing director of FDI Center, an advisory company that works with countries, regions, cities, industrial parks and special economic zones to implement investment promotion strategies and attract new investment. He is also the founder of Location Decisions, a location advisory firm that assists companies from different industries to select the best locations and sites for their investments worldwide.
Due to the COVID-19 pandemic the project has shifted to virtual form.
Project title: Support to the Jordan Investment Commission / Investment Aftercare
Main implementing entity: World Association of Investment Promotion Agencies (WAIPA)
Implementing period: 2020-21
Target countries and stakeholder groups: Jordan Investment Commission – JIC
- Contribute to the improvement of the internal governance of aftercare in JIC, which would generate better predictability, transparency, accountability and in turn inspire confidence in investors and increase their willingness to work with JIC on aftercare.
- The allocation of the staff to work on aftercare will be carried out based on criteria that are more specific. Such profiles, trained in account management, will be better able to carry out the aftercare function.
- As a result of the Assignment, the trained account managers will be able to establish trustworthy and credible longer-term relationships with existing investors and work more effectively in partnership with chambers of commerce, business associations, and other private and public entities that have a deeper knowledge of the various economic sectors.
- Lastly, based on the trainings, a number of high potential investors present in Jordan will be approached proactively to explore opportunities to improve, facilitate, or scale-up existing investments offering them valuable support.