Abstract
This study aims to measure the impact of facilities provided by King Hussein Business Park on investment promotion. King Hussein Business Park has reached 100% occupancy rate, with a crucial plan for expansion to over 1.4 million m2 of land. The problem of the study lies on how King Hussein Business Park will attract additional investments to occupy the spaces targeted for expansion. Results of the study reveal a significant positive impact of the facilities on investment promotion. The robust infrastructure, complementary services, and investment law benefits influence the creation of attractive business environment for investments. These findings show that countries with scarce resources face many challenges in promoting investment either locally or internationally, and they must improve their business climate for investment promotion. Governments also have the means to make conducting the businesses and projects easier for people.
Highlights
Competition in how to attract investors for achieving economic growth has been increasing at local and global levels, for developing countries (Rondinelli & Burpitt, 2000)
This study aims to measure the impact of facilities provided by King Hussein Business Park on investment promotion
The robust infrastructure, complementary services, and investment law benefits influence the creation of attractive business environment for investments
Summary
Competition in how to attract investors for achieving economic growth has been increasing at local and global levels, for developing countries (Rondinelli & Burpitt, 2000). The flow of FDI in developing countries has increased as a result of the implementation of successful economic strategies and improvements of the investment climate This study is very important because it is seeking to explore the factors and dimensions that contribute to the investment promotion and providing results that contribute greatly to increase the national economy growth and to achieve the economic stability. The interest in investment promotion either locally or internationally has increased because it is the key to economic growth and the best way to achieve the sustainable development (Reich, 2006). In the past few decades, a large number of developing countries have tried to attract FDI through various policy reforms, such as introducing streamlined foreign ownership procedures, improving the procedures in investment projects for foreign organizations, and focusing on the methods to develop the infrastructure. The policy reforms, such as removing the ownership restrictions, contribute in increasing the flow of FDI, which can, in turn, create a supportive environment for local investments (Tanaka & Arita, 2016)
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