Alddustour - The Jordanian-Kuwaiti Businessmen Forum discussed on Monday ways of developing economic and trade relations and investment opportunities between the two countries.

During the forum, which was organized by the Jordanian Chambers of Commerce and Industry in cooperation with the Kuwait Public Authority for Industry, bilateral meetings were held between Jordanian companies and their Kuwaiti counterparts in the sectors of food, construction, plastic, engineering and electrical industries.

Minister of Industry, Trade and Supply Dr. Tariq Al-Hammouri said that the Kuwaiti-Jordanian relations witnessed a significant and tangible development at all political, economic and trade levels thanks to the leadership of the two brotherly countries.

Al-Hammouri pointed out that Jordan is continuously looking to strengthen its trade and economic relations with the State of Kuwait through holding more meetings between the two sides and expanding the horizons of cooperation through agreements and bilateral cooperation protocols.

Kuwaiti Ambassador to Amman Aziz Al-Daihani said that Jordan and Kuwait have distinguished relations in all fields with the efforts of the leadership of the Al-Sabah family in Kuwait and the Hashemite’s in Jordan.

He said that the political language of Jordan and Kuwait is the same and that the two countries' positions on many issues are identical.

He added that Kuwait's ranking in the first place in the volume of investments in Jordan reflects the aspirations of the Kuwaiti leadership in achieving further cooperation with Jordan and increasing the volume of Kuwaiti investments in Jordan to the highest levels.

The Kuwaiti Ambassador highlighted the importance of the forum in enhancing Jordanian-Kuwaiti relations in all fields, especially economic, trade and investment, and work together to overcome the difficulties that might face these relations.

The Chairman of the Investment Authority, Dr. Khalid Al-Wazani, said that the investment figures between Kuwait and Jordan call for optimism, with the Kingdom's aspirations to increase these figures in the near future.

He said that the volume of Kuwaiti investments in Jordan, which was distributed to many investment sectors, exceeded $ 18 billion.

He added that during the promotional tour we organized for the State of Kuwait a week ago, we presented 35 investment opportunities distributed to many sectors of investment feasibility for investors, and we touched the interest of the Kuwaiti investor for those opportunities, and we will provide a portfolio of investment projects to the Kuwaiti investor, including All Governorates.

For his part, Director General of the Kuwait Industrial Authority Abdul-Karim Taqi stressed Kuwait's keenness to continue joint cooperation with Jordan in the economic, trade and investment fields.

He pointed out the importance of the Jordanian-Kuwaiti forum in discussing new prospects of cooperation between the two brotherly countries in many fields that serve the economy of both countries, noting that through this forum will discuss all aspects of economic and trade cooperation.


He said that the forum is an important opportunity for Kuwaiti businessmen to get acquainted with joint investment opportunities with brothers in Jordan, especially in the fields of knowledge industries and information technology.

"We want to establish a new phase for our trade and investment relationship and a phase that draws strength from the commonalities that bring us together to maximize investment, trade, construction, and partnership opportunities," said Nael Kabariti, president of Jordan Chamber of Commerce.

Kabariti pointed out that Jordan is a fertile land and a safe environment for influential investment projects and has a positive and sustainable impact on the economic environment in all its aspects.
Chairman of the Jordan Chamber of Industry, Fathi Al-Jaghbir, stressed that the State of Kuwait does not impose obstacles to the Jordanian industries, and that the credibility of dealing between the two brotherly countries has opened fertile prospects for cooperation in many economic, commercial and investment fields.

He added, "We look forward to further joint cooperation and joint investments in promising areas that serve the economy of the two brotherly countries."

During the discussion session, the Chairman of the Jordan Free Zones and Development Zones Group, Dr. Khalaf Al-Hmaysat, presented a working paper on the importance of free and development zones, which is considered one of the most important investment destinations in the Kingdom.

He said that the free zones offer promising and sustainable investment opportunities through commercial or industrial investment units developed for leasing, ready-made hangars for lease or for sale on leased land, in addition to logistics offices, and will also provide complexes and business centers starting from the new free zone at Queen Alia Airport International.

The paper dealt with investment incentives in the development areas, including specific exemptions from income tax, exemption from all customs duties and sales tax, in addition to providing infrastructure within high quality specifications, one-stop service, and no restrictions on foreign ownership.

The meeting also included a presentation on the Jordanian industrial sector by the Jordan Chamber of Industry, and a presentation on the investment experience and investment environment in Jordan.

The forum also included holding bilateral meetings between Jordanian and Kuwaiti companies, in addition to the contractors' union meeting with the Kuwaiti construction sector.

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