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Ammon News - AMMONNEWS - Jordan’s Investment climate provides all the needed facilities for Kuwaiti businessmen and investors and maintains the flow of Kuwaiti investments to the Kingdom, Kuwaiti Ambassador to Jordan Hamad Saleh AlDuaij told the press.

Speaking on the occasion of Kuwait's National and Liberation day, AlDuaij hailed the continuously evolving Jordanian-Kuwaiti relations as a living model of Arab cooperation, stressing his country's keenness to pursuit further economic collaboration to achieve regional prosperity.

He added that the two countries' leaderships contributed to achieving a quantum leap in the bilateral relations that raised the Kuwaiti investments in Jordan to about $12 billion, noting that it economically enhanced the added-value of the Jordanian production sector, reduced unemployment and participated in the Kingdom's sustainable development.

Regarding sectors of Kuwaiti investments in Jordan, the envoy said that they include industry, hotels, hospitals, real estate and financial market, noting that the Kuwaiti share in the Gulf Cooperation Council grant to Jordan amounted to$1,25 billion.

As for the Trade Exchange, AlDuaij said that the data of the department of statistics for the first 11 months of 2013 indicates that the balance of trade tipped in favor of Kuwait by 30 percent, with $160,7 million of Jordanian imports and $123 million of exports.

*Petra