London: Jordan has extended an invitation to British companies to participate in the forthcoming Jordanian-European Investment Conference, slated to occur in the Kingdom next November. This initiative is part of Jordan's strategy to bolster investment partnerships and attract new business opportunities.
According to Jordan News Agency, Industry, Trade and Supply Minister Yarub Qudah issued the invitation during discussions in London with London Chamber of Commerce and Industry CEO Karim Fatehi and officials from the British Expertise International network. The conference is anticipated to serve as a vital platform for showcasing Jordan's investment prospects and fostering strategic partnerships between Jordanian and European enterprises.
Minister Qudah emphasized Jordan's ongoing efforts, under the leadership of His Majesty King Abdullah II, to enhance the investment climate. This includes updating legislation and simplifying procedures to boost the competitiveness of the national economy and create an inviting business environment. He highlighted investment opportunities in sectors such as industry, energy, mining, pharmaceuticals, food industries, information technology, and logistics, citing Jordan's political and economic stability, strategic location, skilled workforce, and comprehensive free trade agreements as benefits for investors seeking regional and global market access.
Qudah encouraged British companies to utilize these advantages by establishing Jordan as a regional production and export hub, noting the Kingdom's free trade agreements with the United States and Canada. He reiterated the government's commitment to strengthening public-private partnerships in alignment with the Economic Modernization Vision. The minister also underscored the Jordanian-European Investment Conference as an opportunity for investors to explore priority projects, learn about investment incentives, and form direct partnerships with Jordanian and European firms. Additionally, he invited British businesses to participate in the Jordanian-British Business Forum in London later this month.
Minister Qudah stressed the significance of expanding engagement between the business communities of both countries through reciprocal trade and investment missions to enhance bilateral trade and attract new investments. Fatehi, on his part, reaffirmed the chamber's dedication to strengthening economic cooperation with Jordan and expanding business connections between the two nations. He noted the British market's strong potential for Jordanian products, especially agricultural exports, and encouraged British companies to explore investment opportunities in Jordan and participate in the upcoming conference.
The British Expertise International network, which supports British companies specializing in infrastructure, consulting, engineering, capacity building, and international development, is committed to aiding British firms in expanding into international markets and building global partnerships. Discussions also covered leveraging British expertise in priority sectors targeted under Jordan's Economic Modernization Vision to enhance investment cooperation between Jordan and the United Kingdom.