Amman: Chairman of the Jordanian Businessmen Association (JBA), Hamdi Tabbaa, recently engaged in discussions with Sevag Avedissian, the Cypriot Ambassador to Jordan, regarding the establishment of a Jordanian-Cypriot Business Council. This initiative aims to bolster opportunities for joint economic cooperation between the two nations.
According to Jordan News Agency, in a statement released by JBA, Tabbaa highlighted the strategic and longstanding bilateral relations between Jordan and Cyprus. He emphasized the association’s commitment to enhancing economic, trade, and investment collaboration to achieve significant benefits for both countries. Tabbaa pointed out the potential for exploring various facets of mutual partnership that could stimulate growth, boost trade, and open new avenues for investment.
Tabbaa mentioned that investment projects in Jordan offer privileges for investors across multiple economic sectors, making them important contributors to the Economic Modernization Vision. He also advocated for increasing meetings and the exchange of promising investment opportunities between businesspeople and the private sector of both countries.
To further economic collaboration, Tabbaa stressed the need for developing trade exchange mechanisms and mutual regulatory legislation. This, he noted, would help in increasing the volume of trade exchange and joint investments.
On the other hand, Avedissian expressed his support for the establishment of the joint council, stating that it would enhance economic, trade, and investment ties between Jordanian and Cypriot businesspeople. He also noted that Jordan presents promising investment opportunities in sectors such as pharmaceuticals, food, real estate, contracting, and information technology.