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Saudi-Jordanian Business Council Calls for Seeking Investment Opportunities | ASHARQ AL-AWSAT English Archive 2005 -2017
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A Saudi money exchanger counts Saudi riyals in Riyadh August 4, 2008. REUTERS/Fahad Shadeed

Amman- The Saudi-Jordanian Business Council has recommended seeking available investment opportunities in both countries and getting acquainted with the prevailing climate in the sector, in addition to motives and potentials.

The council also called for holding more meetings among Jordanian and Saudi businessmen and investors.

During its meeting on Monday, on the sidelines of the visit of Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud, the council urged discussing possible ways to develop trade ties, overcome challenges, reinforce potentials to stimulate bilateral trade, underpin trade exchange, hold economic events in both countries and organize an annual Jordanian-Saudi investment forum accompanied by an exhibition.

Jordanian Industry, Trade and Supply Minister Yarub Qudah said that the inauguration of Jordanian-Saudi Coordination Council motivates coordination between the private sectors of both countries.

Throughout the meeting, chaired on the Jordanian side by President of the Al Ain Jordan Chamber of Commerce Nael Kabariti and on the Saudi side by President of Council of Saudi Chambers Dr. Hamdan bin Abdullah Al-Samreen, the council called for underscoring the participation of both parties in economic activities, conferences and exhibitions in Jordan and Saudi Arabia.

Issa Haidar Murad, chairman of Amman Chamber of Commerce, stated that the commercial sector in Amman welcomes the visit of King Salman and pins high hopes on this visit.

In a statement to Asharq Al-Awsat he said: “Saudi Arabia is considered the first and most important commercial partner to Jordan. Jordanian-Saudi economic relations are stepping towards a new phase of institutional cooperation through the establishment of the investment fund in addition to a holding Jordanian Saudi Company, which will pave the way to a package of mutual investments between the two countries, contributing to the pace of economic growth and reinforcing welfare and security of Saudis and Jordanians.”