Saqqaf calls for more Saudi investments in Jordan

AMMAN — Minister of Investment Kholoud Saqqaf on Thursday called for increasing Saudi investments in Jordan given the Kingdom’s many investment opportunities in various economic sectors. 

During a meeting with the head and members of the Saudi-Jordanian Parliamentary Friendship Committee, Saqqaf highlighted the important role of Saudi investments in Jordan, notably in economic development. The minister noted that Saudi ventures are among the most important investments contributing to the development process and providing job opportunities for Jordanian youth, according to the Jordan News Agency, Petra.

The minister also commented on Jordan’s recently enacted Investment Environment Law, which was written in order to keep pace with developments in the business environment and increased competition in attracting investments, she said. 

The law treats Jordanian and non-Jordanian investors equally, Saqqaf said, adding that the law also identifies the foundational principles of the Kingdom’s general investment policy, clarifies the rights and privileges of investors and highlights the most important incentives and exemptions granted to investment projects.

During the meeting, the delegation was briefed on Jordan’s target investment sectors and high-value industries, such as information technology, communications, healthcare, tourism, water, energy, mining, agriculture, education and logistics services. The delegation was also informed of the Kingdom’s most important public-private partnership projects.

Ibrahim Qannas, head of the panel, commended the economic relations between both kingdoms, as well as the steps taken by the Jordanian government to improve the investment environment.

Jordan is one of the most important investment destinations in the region for Saudi capital, he said.