Ministers: Robust government backing for Amman conference for Arab businessmen, investors
shahennews
Minister of Industry, Trade and Supply and Minister of Labor, Yousef Shamali, and Minister of Investment Kholoud Saqqaf have affirmed that the government is committed to offering comprehensive support and facilitation for the upcoming 20th Conference of Arab Businessmen and Investors, scheduled to be held in Amman on October 18.
During a meeting with the Secretary-General of the Union of Arab Chambers (UAC), Khaled Hanafi, and the President of the Jordan Chamber of Commerce (JCC), Khalil Haj Tawfiq, the ministers indicated the government unwavering dedication to ensuring the success of the conference, underscoring the transformative reforms that have positively influenced the investment and business landscape in the Kingdom. These measures contribute to fortifying Jordan’s position as a regional hub for trade and investment, reflecting the government’s resolute commitment to maintaining its status as an attractive destination for economic activities.
According to a statement issued by the Chamber on Tuesday, Shamali and Saqqaf indicated the government’s significant involvement in the event, jointly organized by the UAC, the Arab League along with the JCC. They emphasized that invitations would be extended to Arab ministers of investment, industry, trade, and economy through the respective ministries, highlighting the conference as an excellent platform to address the numerous challenges confronting the Arab economy.
The ministers highlighted that Jordan currently offers numerous advantages, incentives, and facilities to attract investors and business owners, with the ultimate goal of enticing them to establish and localize their investments in the Kingdom, through a comprehensive portfolio of projects presented in strategic sectors that hold substantial added value. They referred to the abundant success stories achieved within the country, showcasing the positive outcomes of local, Arab, and foreign investments in industries, trade, and services. These achievements have also transcended national boundaries, as Jordan has extended its business ventures to multiple countries.
Furthermore, the two officials emphasized the significant outcomes of the economic modernization vision, which receives which enjoys royal patronage, follow-up and guarantee. This vision serves as the cornerstone for establishing a sustainable national economy in the coming decade, fostering remarkable growth rates, attracting investments exceeding JD40 billion dinars, creating employment opportunities for the youth, and boosting exports.
They specifically mentioned the inclusion of high-value sectors, including pharmaceuticals, mining, food, textiles, and various other industries. These sectors are poised to play a crucial role in driving economic development and prosperity in Jordan.
During the meeting, the two officials also were provided with detailed information regarding the latest arrangements and preparations for the conference. They were briefed on the notable individuals invited to participate, the program schedule, the working sessions, and the key topics that will be discussed. Additionally, they were informed about the simultaneous organization of the pioneering economic summit for the Arab private sector, which will establish an Arab economic union and address any barriers hindering investment and intra-trade, fostering a more seamless and collaborative economic environment among Arab nations.
In turn, Hanafi conveyed his gratitude to His Majesty King Abdullah II for graciously sponsoring the conference, as well as to the JCC for hosting the prestigious event. He emphasized that it would serve as a significant platform for the Kingdom to showcase its abundant investment opportunities and projects to Arab investors.
Indicating the conference importance, he highlighted that it will primarily center around delineating the investment climate and environment, policies, incentives, and contemporary legislation in Jordan and other Arab nations. The objective is to lure in investments and foster the generation of job prospects, particularly for young people, thereby positively impacting the quality of life for Arab citizens.
He pointed out that Jordan will witness the launch of the “Amman Declaration” for the first economic summit of the Arab private sector, which will be presented to Arab leaders during the Arab Economic and Development Summit to be held before the end of this year in Mauritania.
Moreover, Hanafi emphasized that Jordan will witness the unveiling of the historic “Amman Declaration” during the inaugural economic summit of the Arab private sector, which will be presented to Arab leaders at the forthcoming Arab economic and development summit, scheduled to take place in Mauritania before the end of this year.
Additionally, Hanafi highlighted the significant attributes that both Jordan and other Arab countries possess, making them highly attractive for large-scale investment projects across various sectors, encompassing technology, energy, agriculture, renewable energy, tourism, and other vital strategic areas.
In his remarks, Hajj Tawfiq underlined the significance of Jordan hosting the conference, as it brings together a diverse gathering of business owners, investors, Arab private sector leaders, government officials, and ministers from across the Arab nations. This notable event provides a valuable opportunity to gain insights into the investment climate, policies, incentives, and contemporary legislation prevalent in Arab nations, aiming to attract investments, through the establishment of a unified investment platform.
He further elaborated that the conference presents an excellent opportunity for Jordan to showcase, advocate, and introduce its vision of economic modernization, along with the multitude of investment opportunities available within the Kingdom. These opportunities have been meticulously prepared by the Ministry of Investment. Additionally, the conference will provide a platform to discuss and review the latest advancements in the investment landscape, particularly in light of the recently completed investment environment law, its accompanying instructions, and regulations aimed at attracting investors.
//Petra// WH
