Jordan and Oman Discuss Strategies to Enhance Trade and Investment

Amman: President of the Jordan Chamber of Industry and the Amman Chamber of Industry, Fathi Al-Jaghbir, engaged in discussions with Oman's Ambassador to Jordan, Fahad bin Abdulrahman Al-Ajili, focusing on strategies to boost bilateral trade and foster joint investments between the two nations.

According to Jordan News Agency, the meeting was also attended by Omani Deputy Ambassador Yaqoub bin Badr Al-Raqishi, Amman Chamber of Industry board member Saad Yassin, and Chamber Director General Nael Al-Hussami. The discussions emphasized the establishment of joint private-sector investments utilizing each country's comparative advantages in a complementary manner to benefit both nations.

Al-Jaghbir expressed the Amman Chamber of Industry's readiness to facilitate a visit by a Jordanian industrial delegation to Oman to explore potential cooperation with Omani counterparts and participate in the Sohar Investment Forum 2026, scheduled for February. He also welcomed the idea of hosting an Omani economic delegation to assess Jordan's investment opportunities.

He highlighted the need for further development in Jordanian-Omani economic relations, noting that the current bilateral trade figures remain below expectations. In 2024, trade between the two countries reached approximately $167 million, with Jordanian exports at $108 million and imports at $59 million.

Ambassador Al-Ajili reiterated the embassy's dedication to easing procedures for Jordanian exporters, pointing out that Oman offers a favorable investment environment following the introduction of new laws. He noted that Oman's strategic geographic location, along with low energy costs, makes it an attractive hub for investors targeting Gulf, African, and Asian markets.

Both parties agreed on the exchange of information between the Amman Chamber of Industry and the Omani Embassy regarding investment opportunities and upcoming trade fairs, setting the stage for reciprocal visits by business delegations. The meeting concluded with a tour led by the Omani ambassador of the Amman Chamber of Industry's mural, which chronicles the development of Jordan's industrial sector.

Jordan's primary exports to Oman include vegetables, fruits, chemical products, and machinery, while imports from Oman mainly consist of plastics, rubber products, metals, and fish.