Delegation's visit 'important' to face economic difficulties

(Photo: Petra)
AMMAN — Jamal Rifai, the first vice president of the board of directors of the Jordan Chamber of Commerce (JCC) stressed the importance of the Kurdistan delegation's visit to Jordan to face joint economic challenges.اضافة اعلان

The future necessitates the private sector's engagement to take the initiative to bridge the "deep gap" and strengthen economic relations, which would contribute to developing joint trade and achieving economic integration, he said.

Speaking at a meeting with Kurdistan economic delegation on Sunday, Rifai said discussions should constitute a platform to support and develop economic, investment and commercial cooperation between Jordan and Iraq and the region.

The Jordanian economic community believes in the importance of partnership to achieve common interests, especially in light of international economic developments, in the areas of food security, energy, agriculture, information technology, manufacturing, logistics, and tourism, he pointed out.

Jordan, he noted, is working "hard" to develop policies and legislation regulating the economic and business environment, to attract investments, which cover strategic sectors, in infrastructure, industry, energy, tourism, information technology, and agriculture, within Jordan's Economic Modernization Vision.

The trade and service sectors are interested in strengthening their commercial and investment relations with the Kurdistan region, and building on successes made over the past years, as a number of Jordanian companies launched investments in Kurdish areas, he noted.

Expressing hope to strengthen and expand relations, he called on investing in the available opportunities and privileges, and establish partnerships between the two sides' business owners.

President of the Kudistan Diwan Council of Ministers, Umed Sabah Othman, stressed the "deep-rooted" Jordan-Kurdistan relations in various fields, highlighting the need to expand political, social and security ties to cover commercial, economic and investment areas.

Referring to an invitation made by Kurdistan Prime Minister, Masrour Barzani, to hold a joint trade conference with Jordan in Erbil, he noted Kurdistan's private sector is a "pivotal" partner for the government and a key partner to the reform process.

Kurdistan, he said, has a package of legislation supporting the investment and commercial environment, expressing desire to benefit from Jordan's expertise in diversifying strategic, medium and small economic enterprises and mechanisms to empower its markets

Othman called on Jordanian traders, investors and businesspeople to visit Kurdistan and build partnership relations with its private sector due to privileges and incentives, which treat foreign and local investors alike, and its "promising" opportunities.

He said 108 Jordanian companies have established branches in the Kurdistan region, calling on expanding investment and launching joint projects.

Meanwhile, head of Kurdistan Board of Investment, Mohammad Shukri, called on transferring expertise of Jordan’s pharmaceutical industry to the Iraqi region, establishing Jordanian pharmaceutical factories, and harnessing Jordan's expertise in building industrial estates, as the Iraqi market is "promising" in this field.

Dara Khayyat, President of the Kudistan Chamber of Commerce, stressed the importance of the meeting in enhancing and expanding relations between the two sides, in various economic fields, especially as the private sector has suffered from COVID-19 pandemic-induced repercussions.

Head of Kurdistan Region Investors Union, Ahmed Rikany, said traders and investors share the same interests, and play a complimentary role in cooperation with manufacturing sides.

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