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Ammon News - AMMONNEWS - His Majesty King Abdullah II, on Sunday, said investments play a vital role in supporting and strengthening the national economy and achieving comprehensive development, which will ultimately improve living standards and reduce poverty and unemployment.

During a meeting with representatives of the various investment sectors, King Abdullah emphasized the need to highlight Jordan's secure, stable and investor-friendly environment and enhance the Kingdom's status in the Middle East and the world.

His Majesty urged additional support for investment sectors to enable them to implement their projects across the country in order to provide job opportunities for all Jordanians.

He said the government is required to remove obstacles facing investments in public and private sectors.

His Majesty called for the private sector to benefit from the Kingdom's investment climate to develop and expand its ventures.

The King said that the private sector's success in setting up projects is an evidence of Jordan's success in embracing successful investments, reaffirming the Kingdom's status as a regional trade hub and a gateway to the region's markets.

His Majesty pointed to the importance of the World Economic Forum which will be held in Jordan later this month and said the event is an important opportunity for everyone to take advantage of.

In turn, investment sector's representatives, which included transport, industry, tourism, energy, real estate and insurance sectors, thanked the King for the meeting, and for giving them the opportunity to highlight challenges and problems facing various economic sectors.

They outlined challenges facing the private sector, like high tax rates and some laws and regulations.

Also, they emphasized the key importance of the private sector as a key underpinning of the national economy, and its role in tackling poverty and unemployment, and creating job opportunities.