JBA, Australian delegation discuss investment prospects

(File photo: Jordan News)
AMMAN — President of the Jordanian Businessmen Association (JBA), Hamdi Tabbaa, dicussed with a delegation of Jordanian Australian businessmen prospects to explore investment cooperation and expand trade relations between the private sectors of the two countries. اضافة اعلان

The meeting took place on Saturday and discussed ways to attract more foreign investments, particularly from Australia, to Jordan, according to the Jordan News Agency, Petra.

In a press statement, the JBA stated that economic relations with Australia have experienced significant development in recent years.

Tabbaa highlighted that the private sectors of both countries can further prosper by forging closer investment cooperation and expanding trade relations. He called for the removal of barriers to cooperation and the launch of joint ventures in promising sectors.

Investment opportunitiesTabbaa outlined the key investment opportunities in mega projects and the need to promote ventures.
He emphasized the strong bilateral relations between the two countries, especially in the tourism and healthcare sectors.

Tabbaa also encouraged Australian businessmen to visit Jordan and witness the productivity and service projects in the industrial estates and development areas. He further highlighted the possibility for businessmen and investors to benefit from the Australian Investment Environment Law of 2022 and the advantages and incentives it offers.

Australian expertiseShawkat Maslamani, the head of the Australian team, expressed his hope that the visit would consolidate Australia's relations with Jordan and the Middle East. He also emphasized the provision of aid in various fields, including education and health and the transfer of knowledge in various industries.

Maslamani specifically mentioned Australia's expertise in weaving and vocational education and its potential transfer to Jordan.

The trade volume between Jordan and Australia in 2021 was approximately $99.2 million, with $31 million in exports, including fertilizers, knitting products, and food commodities such as coffee, tea, and spices. Imports accounted for about $68.2 million, mainly in meat, pharmaceuticals, and vegetables.

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