On Sunday, the Economic Forum for Financial, Industrial, and Commercial Partnerships between Jordan, Iraq, and the region was opened by Jordanian Minister of Investment Kholoud Al-Saqqaf. The forum, organized by the Iraqi Business Council in partnership with the Jordanian and Amman Chambers of Industry, will take place over two days at the King Hussein Convention Center in the Dead Sea region. This is considered the largest regional Jordanian-Iraqi economic gathering for business.
Al-Saqqaf and Dr. Kamel Al-Dulaimi representing the Iraqi President were among several parties who highlighted their collaboration in organizing the forum. They expressed their excitement for its potential impact on enhancing regional integration, building economic interconnection, strengthening cooperation in various sectors and forming sustainable partnerships. Their goal is to deepen mutual understanding between participating countries and lay a foundation for future development of the region.
The Jordanian Minister emphasized on new investment environment law that promotes equality between foreign and local investors and guarantees legislative stability while expanding economic activity. The law offers incentives such as customs exemptions, tax discounts, incentives for export markets, high-value-added activities, knowledge transfer and employment of Jordanian workers. Additionally it allows for establishment of investment funds to attract capital from investment institutions.
The forum sessions will cover key investment opportunities in both countries as well as participatory investment opportunities in the region. They will also discuss role of banking sector in providing facilities for various sectors and involvement of international institutions in financial financing for projects. Lastly success stories of Jordanian-Iraqi investment partnerships will be shared during this platform.
Overall this forum provides an excellent opportunity to bring together stakeholders from both countries to foster economic growth through partnerships and collaborations that benefit both regions.
