Jordan and Cyprus strengthen investment cooperation

Investment Minister Kholoud Saqqaf and Cypriot Ambassador Michalis Ioannou engaged
Investment Minister Kholoud Saqqaf and Cypriot Ambassador Michalis Ioannou engaged. (Photo: Jordan News Agency, Petra)
AMMAN — On Monday, Investment Minister Kholoud Al-Saqqaf and Cypriot Ambassador Michalis Ioannou engaged in a discussion about the memorandum of understanding on investment cooperation, signed during the Cypriot president's recent visit to Jordan.اضافة اعلان

Saqqaf emphasized that this agreement paves the way for establishing a regulatory framework for business ties between Jordan and Cyprus, the Jordan News Agency, Petra reported. She further shared that the Ministry aims to spotlight investment prospects, recognize promising sectors, arrange sector-specific meetings, and exchange insights into investment policies and regulations in both countries.

The Minister affirmed the Ministry's readiness to support Cypriot enterprises in surmounting challenges, encouraging them to inject new investments into the Jordanian market. Additionally, Saqqaf elaborated on the government's efforts to enhance Jordan's investment attractiveness. These measures encompass enacting legislation to govern the investment landscape, instituting laws related to public-private sector partnerships, launching a 2023-2026 investment promotion strategy, and introducing the platform.

The Cypriot ambassador announced plans for a virtual meeting between the Jordanian Ministry of Investment and the Cyprus Investment Promotion Agency in September, aimed at operationalizing the signed agreement. Ioannou highlighted that the memorandum's objective is to elevate investment and business relations, noting that both nations are actively implementing cooperative measures driven by shared objectives and political leadership.

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