May 19, 2024 11:48 am
Enhancing Partnerships between Jordan, Iraq, and the Region: A Focus on Economic Development

The Economic Forum for Financial, Industrial, and Commercial Partnerships between Jordan, Iraq, and the region was officially opened on Sunday by Jordanian Minister of Investment Kholoud Al-Saqqaf. This two-day forum, held at the King Hussein Convention Center in the Dead Sea region, is considered the largest regional Jordanian-Iraqi economic gathering for business.

During her opening speech, Al-Saqqaf emphasized the importance of building economic interconnection and strengthening cooperation in various sectors to enhance regional integration. She also highlighted the significance of creating sustainable partnerships that will contribute to future development in the region.

Al-Saqqaf spoke about the new investment environment law in Jordan, which promotes equality between foreign and local investors in terms of rights and duties, legislative stability, and the preservation of investors’ acquired rights. The law includes incentives such as customs exemptions, tax discounts, and incentives for activities that target export markets, high-value-added activities, knowledge transfer, and employment of Jordanian workers. Additionally, it allows for the establishment of investment funds to attract investment capital from institutions.

The forum sessions will focus on highlighting investment opportunities in Jordan and Iraq, exploring commercial and industrial prospects in both countries, discussing participatory investment opportunities in the region, examining the role of banking sector in providing facilities for various sectors

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