US companies interested in investment opportunities in Jordan

Forum highlights projects in Jordan, region

By JT - May 23,2017 - Last updated at May 23,2017

Planning and International Cooperation Minister Imad Fakhoury addresses the attendees during the Jordanian –US Business Forum in Amman on Monday (Photo courtesy of Planning and International Cooperation Ministry)

AMMAN — Planning and International Cooperation Minister Imad Fakhoury said several US companies want to tap investment opportunities available in the country and expand their investments, according to a ministry statement released on Tuesday.

The minister gave the remark in his address at the inauguration ceremony of the Jordanian-US Business Forum on Monday as he deputised for Prime Minister Hani Mulki.

US companies want to learn about new opportunities in the Kingdom and they also want to participate in reconstruction projects in the countries of the region, while being based in the Kingdom, the minister told the attendees, stressing the importance of the Jordan-US partnership.

Asserting the country’s openness to global investments, Fakhoury briefed visiting representatives of US companies on investment projects that the government seeks to execute, in the context of the Jordan Vision 2025 and the Economic Stimulation Plan of 2018-2022, according to the ministry’s statement.

Several Jordanian officials participated in the forum, including Industry and Trade Minister Yarub Qudah, Aqaba Special Economic Zone Authority Chief Commissioner Nasser Shraideh and Jordan Investment Commission (JIC) President Thabet Al Wir, in the presence of US Chargé d’affaires Henry Wooster, according to the Jordan News Agency, Petra.

Wir asserted the importance of the US market for the Jordanian economy, noting that the country’s annual exports to the US total around $1.7 billion, reported Petra.

According to Wooster, the forum, organised in cooperation with JIC and the American Chamber of Commerce in Amman (AmCham), is important as its sheds light on new business opportunities that US and Jordanian companies as well as consumers can benefit from.

AmCham CEO Rose Alissi said the chamber has been working in cooperation with the private sector, the US embassy in Amman and the Government of Jordan to foster bilateral ties through promoting exports and boosting investments, according to Petra.

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