Saqqaf calls on Saudi businespeople to benefit from Jordan's investment incentives

05-06-2023 09:25 AM

Ammon News - Minister of Investment, Kholoud Saqqaf, called on Saudi businesspeople and investors to seize Jordan's "attractive" investor opportunities protected by law, and boost their investments in Jordan.

Saqqaf stressed importance of benefiting from the free trade agreements, which Jordan signed with multiple countries to deliver goods and exports to many global markets.

Saqqaf made the remarks during a meeting held remotely, organized by Ministry of Investment and the Jordan Chamber of Commerce (JCC) on Sunday, with Head of the Saudi-Jordanian Business Council (SJBC), Hamdan bin Abdullah Simreen , and 28 investors.

Saqqaf added that the economic Jordanian-Saudi relations reached a "distinguished" level in many fields, especially in investment and trade areas.

The minister also said Saudi investments are among the "largest" foreign investments in Jordan, and are focused in multiple sectors with high added value, primarily industry, infrastructure, banking services, trade, tourism, real estate development, agricultural, and health care.

Jordan, she noted, is a regional center for trade and investment in the Middle East and North Africa region, adding that Jordanian economy continued to achieve multiple "positive" economic indicators, as its growth rate in 2022 reached 2.5%.

Saqqaf drew attention to implementation of several economic reforms, which are in line with Economic Modernization Vision (EMV) 2033, aimed to providing the "best" investment climate and enhancing Jordan's business environment.

Saqqaf noted the ministry was established to be the main reference authority to regulate investment in the Kingdom.

The minister said Jordan's new Investment Environment Law and its related regulations and instructions were approved within the "best" international practices.

Partnership projects between the public and private sectors were also regulated, aimed to attracting and enabling investments, and integrating into regional and global markets, she pointed out.

During the meeting, Saqqaf reviewed the "key, promising" investment opportunities in all sectors, primarily information technology sector, tourism and medical tourism, pharmaceutical industries, health care services, food industries, clothing and textiles, agriculture and related agricultural labor, logistics, chemicals and fertilizers.

She affirmed Ministry of Investment's keenness to provide the necessary facilitations for Saudi investments and make all possible efforts to establish and enhance their presence on Jordan's investment map.

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