Khaberni - A high-level Jordanian economic delegation is heading to the Saudi capital, Riyadh, tomorrow, Tuesday, on a visit aimed at enhancing economic and investment cooperation between the Hashemite Kingdom of Jordan and the Kingdom of Saudi Arabia and opening new horizons for partnership between the private sectors in both countries.
The delegation includes representatives from companies and commercial, service, industrial, and agricultural sectors, and is chaired by Khalil Haj Tawfiq, the president of the Jordan Chamber of Commerce and Amman Chamber of Commerce, with the participation of chamber of commerce presidents from various Jordanian provinces, as well as representatives of the economic sectors, heads of syndicates, and a number of Jordanian businessmen and investors.
Khalil Haj Tawfiq confirmed that during the visit, the delegation plans to hold a meeting of the Saudi-Jordanian Joint Business Council to discuss ways of developing trade and investment relations and advancing them to a new stage based on implementing joint projects and direct production partnerships.
Khalil Haj Tawfiq, the president of the Jordanian side of the joint business council, indicated that the council represents a solid strategic platform for economic dialogue between the two kingdoms, lauding the leading role played by His Majesty King Abdullah II and his brother the Custodian of the Two Holy Mosques King Salman bin Abdulaziz - may God protect them - in solidifying bilateral relations and providing a supportive environment for economic and investment cooperation in various fields.
He emphasized that this meeting represents a pivotal moment in the course of Jordanian-Saudi economic cooperation and a launching point towards a more integrated and effective stage based on seriousness and transparency, and relying on the common denominators and promising opportunities abundant in both countries across various vital sectors.
He clarified that the visit agenda includes specialized meetings of the sectoral committees emerging from the business council, covering sectors:
Agriculture and Food Security, Industry and Mining and Energy, Financial Services and Trade Financing, Health and Medicine and Medical Supplies, Logistics and Ports and Transport, Reconstruction and Infrastructure, Tourism and Hospitality, Investment and Trade and Franchise, Contracts and Governance and Dispute Resolution, Exporting, Standards and Compliance, Education and Human Resources, and Information Technology and Digital Commerce, aiming to diagnose challenges and explore investment opportunities and develop practical strategies to enhance cooperation in each sector.
According to a statement from the Chamber today, the visit program includes a Saudi-Jordanian business forum with broad participation from companies and investors from both sides, to present investment opportunities and projects available, and introduce Jordanian companies to the business environment in the Saudi market, and the incentives and regulations governing investment.
Additionally, bilateral B2B meetings between Jordanian and Saudi companies will be held on the sidelines of the forum, aiming to build actual commercial and investment partnerships, and to sign potential agreements and memoranda of understanding in a number of sectors.
This visit is part of the efforts by the Jordan Chamber of Commerce and private sector institutions to enhance the presence of Jordanian companies in the Saudi market, and to take advantage of the opportunities offered by major projects and rapid economic transformations in Saudi Arabia, in line with Saudi Vision 2030, and in accordance with Jordan's economic modernization vision and its goals in stimulating investment, increasing exports, and creating job opportunities.
The visit marks an important step towards deepening economic integration between the two countries, transforming traditional trade relations into long-term strategic partnerships that contribute to supporting economic growth, creating job opportunities, and enhancing the competitiveness of the private sector in both countries.
