Kuwaiti Ambassador: Jordan's investment climate encouraging

[26-11-2022 01:23 PM]

Ammon News - Kuwait's ambassador to Jordan, Aziz Dihani , said that Jordan is an important gateway to Arab countries, and Kuwaiti businessmen are seeking to establish projects there that will be announced soon.

Dihani stressed, during a working meeting with the Jordanian Businessmen Association (JBA), on Saturday, that the Jordanian investment climate is encouraging, and that the new law regulating the investment environment confirms keenness to encourage and expand investment.

“The Kuwaiti-Jordanian relations are pioneering and sublime, and enjoy the interest and keenness of the leaderships of the two countries, and are crystallized through more than 73 economic agreements, projects and political relations”, he added.

For his part, Hamdi Tabbaa, president of the JBA, said that the Jordanian-Kuwaiti economic relations are deep and rooted, pointing to trade and investment agreements, such as the agreement to prevent double taxation and protect mutual investments that have brought the two countries together since 2001.

Kuwait is one of Jordan's most important trading partners, as the volume of its investments in the Kingdom amounted to nearly $18 billion, while the volume of trade exchange until the end of last August amounted to 141 million dinars, stressing the importance of the role of the private sector in both countries, and their endeavor to build partnerships on different levels.

Tabbaa stressed the availability of many untapped opportunities as required, especially at the commercial and investment levels, especially in the areas of food industries, food security projects, pharmaceutical production, medical tourism and chemical industries.

The meeting discussed a number of topics of interest to the business community, prospects for joint cooperation and ways to enhance them.

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