Riyadh and Amman to establish joint government committee
Jordanian Minister of Industry, Trade and Supply, Yousef Shamali, unveiled a Saudi-Jordanian action plan aimed at strengthening economic, industrial and agricultural cooperation between the two countries.
Shamali pointed out that geopolitical variables, due to the Russian-Ukrainian crisis and its effects on various supplies, require deeper cooperation and coordination between Riyadh and Amman to deal with potential repercussions.
The minister revealed that Saudi Minister of Commerce Majid Bin Abdullah Al Qasabi will visit Jordan next May to discuss all the challenges facing joint investments and trade between the kingdoms.
Shamali announced that a joint committee to manage bilateral cooperation and a committee to resolve issues faced by investors in the two countries will soon be set up.
Shamali revealed that Jordan has completed preparing legislation to regulate economic activity, improve the Kingdom’s investment attractiveness, remove obstacles faced by investors, unify investment credentials and provide incentives for investors. investment projects.
The Jordanian government is keen to ensure the integration of the Jordanian economy into the global market, through trade liberalization and taking advantage of investment opportunities around the world, Shamali said.
The minister’s remarks came during his speech at the Saudi-Jordanian Forum held on Monday.
Shamali noted that Jordanian industries have started to compete with industries from developed countries thanks to the Jordanian government’s plans and policies focused on developing the industrial sector, improving its competitiveness by providing a competitive investment environment and supporting pillars of the national economy.
He noted that regulations organizing economic activity have been planned to make a qualitative leap aimed at improving the attractiveness of investments in Jordan, removing obstacles that investors may face, unifying investment references and offering incentives for investment projects.
President of the Jordanian Chamber of Industry Eng. Fathi Al-Jaghbir noted that over the past decades, Saudi Arabia has been the biggest supporter of the Jordanian economy and the closest to Jordan in various political and economic circumstances, where this support has grown. from the traditional framework to direct financing.