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Premier urges to increase gulf investments in Jordan

Premier urges to increase gulf investments in Jordan

AMMAN: Prime Minister Abdullah Ensour on Thursday met with a group of investors from Saudi Arabia and the UAE, and showcased Jordan’s investment portfolio.

He highlighted the Kingdom’s security and stability as elements of investment attraction amidst a region plagued with “war and destruction”, the Jordan News Agency, Petra, reported. He called on investors from the Gulf countries to increase their investments in Jordan, in light of the incentives the government is offering and efforts it is exerting to facilitate doing business in the country in line with the relevant laws.

Head of the Saudi delegation, Ahmad Bin Bandar Al Sudairi, said that the Jordanian investment environment is encouraging and attractive, agreeing that security and political stability render the investment climate inviting, according to Petra. Following a meeting on Tuesday between His Majesty King Abdullah and Saudi Deputy Crown Prince Mohammad Bin Salman Bin Abdulaziz Al Saud, the two sides issued a joint statement in which they called for increasing mutual investment opportunities.

UAE investments in Jordan stood at $10 billion during 2012, whereas Saudi investments in Jordan reached around $10 billion in March this year through 800 companies or partnerships, Petra said. Ensour chaired a meeting this week with stakeholders in the investment sector and went over delayed projects, a problem blamed on red tape.