Iraqi investments in Jordan total JD24 billion

iraq jordan
(Photo: Envato Elements)
AMMAN — Head of the Lower House Economy and Investment Committee MP Khair Abu Sa'ilik stressed during a meeting Tuesday with a delegation representing the Iraqi Business Council in the Kingdom on Tuesday, the depth of historical relations between the two brotherly countries, according to Al-Ghad News.اضافة اعلان

During discussion of the draft law regulating the investment environment in Jordan for the year 2022, Abu Sa'ilik expressed appreciation for the substantial Iraqi investments in the Kingdom, which greatly support the national economy.

He pointed out that there is a real partnership between the Parliamentary Economic and Investment Committee and the Iraqi Business Council, noting at the same time that the committee had visited a number of businessmen and officials in Baghdad and Erbil, where it was briefed on the Iraqi experience in dealing with investors.

The delegation said that the volume of Iraqi investments in Jordan amounts to JD24 billion, in addition to $25 billion in foreign deposits. The delegation also discussed the draft law and made suggestions to Abu Sa’ilik and his committee, stating procedures, regulations, instructions for investors and investment itself must be simplified in Jordan.

The delegation also called for enhancing the spirit of competition in law, and praised the investment climate in the Kingdom during the meeting, which was attended by deputies Ayman Madanat, Omar Al-Naber, Hayel Ayyash, Musa Hantash, Abdel Salam Al-Thiabat, Ahmad Al-Khalayleh, Khaled Al-Bustanji, Suleiman Abu Yahya, Dirar Al-Harasis, Muhammad Al-Shatnawi, Asma Al-Rawahneh, and Thiyab Al-Masaied.

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