Home / Intaj calls for Jordan to be more attractive to MNCs

Intaj calls for Jordan to be more attractive to MNCs

Jordan needs to do more to attract and retain investment, says IT association, in wake of Yahoo! closure

Intaj calls for Jordan to be more attractive to MNCs
Intaj has said Jordan needs to retain companies like Yahoo! that have invested in the country.

Intaj, the ICT Association of Jordan, has called for more to be done to increase the company's appeal to multinational companies.

In a statement related to Yahoo!'s decision to close its office in Amman, Intaj said the loss of Yahoo! Highlighted Jordan's need to be "more attractive for global companies to stay".

Yahoo Maktoob announced on 14th October that it would close its Jordan operations, as part of global cuts in staffing and offices. According to Bloomberg, the closure will result in the loss of about 80 jobs.

The Intaj statement said: "While related to Yahoo's internal policies, it also underlines that Jordan needs to further work to make our market more attractive for global companies to stay."

The association has previously been critical of the Jordanian government for doubling taxes on mobile phone calls and handsets, increasing the price of electricity, and proposing to hike income tax from 14% to 25%, saying that such moves made the country expensive to operate in, which would deter overseas investors and risk damaging the

$700m-plus IT sector in Jordan.

Yahoo acquired Maktoob in 2009 for $164m, adding 16 million Maktoob users to Yahoo's user base of 20 million in the Arab world, making Yahoo Maktoob one of the largest Arabic web portals.

Yahoo had previously closed its Cairo office in October last year, shedding around 100 jobs.

Follow us to get the most comprehensive technology news in UAE delivered fresh from our social media accounts on Facebook, Twitter, Youtube, and listen to our Weekly Podcast. Click here to sign up for our weekly newsletter on curated technology news in the Middle East and Worldwide.

REGISTER NOW | Webinar Event | Security you can bank on – Safeguarding the Middle East’s financial sector

Presented in partnership with security and network specialist Cybereason, the second in the three part webinar series will bring together a panel of experts to discuss how banks and financial institutions are evolving their service offering while simultaneously staying one step ahead of the cyber criminals who seek to bring their operations crashing to the ground.

CHANNEL AWARD 2018