30 Jordanian companies to take part in Kuwait International Fair

AMMAN — Some 30 Jordanian industrial and trade companies are scheduled to take part in the second Kuwait International Fair between February 6 and 10, a sector leader said.

In its second iteration, the event is expected to witness the participation of "hundreds" international companies, businesspeople, and investors, according to the fair's official website.

It will be opened by Kuwait Emir Sheikh Sabah Al Ahmad Al Sabah, organisers said.  

The participation is organised by International Promoters Company (IPCO) with the support of the Jordan Investment Commission and Amman Chamber of Industry, IPCO General Manager Raed Abu Saadeh told The Jordan Times on Tuesday.

The Jordanian section at the fair, which will witness an international participation, comes as part of series of the Kingdom's attendance in international fairs titled "Jordan Today". 

"So far, 30 Jordanian companies have announced that they will take part in the fair and the number might increase until the opening of the fair on February 6," Abu Saadeh said.

The fair, which is one the "most important" international trade events, is an opportunity for business and industry stakeholders to exchange expertise and make deals, according to Abu Saadeh.

Abu Saadeh said that the event will also introduce Jordanian products to international investors, noting that Kuwait is one of the "promising" markets for Jordan in light of the closure of some traditional markets.

In 2016, IPCO organised the participation of 82 Jordanian companies in a similar event in Qatar, in which many companies were able to sign agreements with Qatari investors and businessmen.

Also around 20 Jordanian industrial and service companies are scheduled to participate in Khartoum International Fair, slated to be held on January 30, the Jordan News Agency, Petra, reported on Tuesday.

Jordan Investment Commission said that the participating companies operate are from the sectors of industry, medical appliances, health services, veterinary, engineering, food manufacturing and construction among others.

Kuwait is the largest investor in Jordan, with across-the-board projects estimated at $12 billion, official figures indicate.
The Kuwait Fund for Arab Economic Development has also played a major role in supporting Jordan’s development process.
Trade exchange between Jordan and Kuwait stands at around $ 400 million in 2016.