Amman: The Saudi-Jordanian Business Forum began in Amman, organized by the Federation of Saudi Chambers and the Jordan Chamber of Commerce, with the participation of more than 250 investors and representatives of public and private sectors from both countries, aiming to build a joint economic vision.
According to Saudi Press Agency, the Saudi delegation to the forum was headed by Federation of Saudi Chambers chairman Hassan Al-Huwaizi and included a group of leading businessmen and investors as well as representatives from the ministries of economy and planning, industry and mineral resources, investment, and the General Authority for Foreign Trade (GAFT).
Jordanian Minister of Industry, Trade and Supply Eng. Yarub Qudah stressed during the forum's opening the importance of building integrated industrial and economic relations between Saudi Arabia and Jordan, turning them into concrete partnerships that serve the mutual interests of both sides. He noted that the volume of trade between the two countries is nearly equivalent to that between Jordan and the United States.
Jordanian Minister of Investment Dr. Tareq Abughazaleh underlined the importance of joint sectoral committees in facilitating business and stimulating investment. Meanwhile, Al-Huwaizi highlighted that the forum's role in stimulating economic initiatives and creating new investment opportunities in the region, noting that this year's edition aims to mark a qualitative shift in relations between the Saudi and Jordanian private sectors.
Jordan Chamber of Commerce chairman Khalil Al-Haj Tawfiq praised Saudi Arabia's support for Jordan's development through investments that have exceeded $15 billion. On the sidelines of the forum, the Saudi-Jordanian Joint Business Council held a meeting.
The Jordan Industrial Estates Company (JIEC) invited Saudi business leaders to take advantage of the opportunities, incentives, and benefits offered in Jordan's nine industrial cities, which host 975 industrial firms with investments exceeding 3.5 billion dinars. JIEC also revealed that these cities currently include 16 Saudi industrial investments worth 133 million dinars.
The forum also featured presentations from the Saudi side on investment opportunities in the Kingdom under the Saudi Vision 2030, outlining the stages of entering the Saudi market and the institutional support available to investors.