Kuwaiti investments in Jordan total JD18b — JBA head

(Photo: Petra)
AMMAN — President of the Jordanian Businessmen Association (JBA) Hamdi Tabbaa said on Saturday that the volume of Kuwaiti investments in Jordan is about $18 billion, according to Al-Mamlaka TV.اضافة اعلان

Speaking at a meeting about the development of Jordanian-Kuwaiti economic relations, he added that “The relations between the two countries are deep and rooted,” stressing that Kuwait is one of the most prominent countries investing in Jordan.

He added that Kuwait ranks second among Arab countries in the field of investment in the Amman Stock Exchange amounting to JD800 million during 2021.

Trade exchange during the first eight months of this year amounted to JD141 million, adding that there are opportunities that are not taken advantage of as required, whether on the commercial or investment level.
... The businessman is looking for stability and that is what Jordan is all about. ...
Kuwait’s Ambassador to Jordan Aziz Al-Daihani added during the meeting that the agreements between the two countries exceeded 73, including economic ones.

The ambassador revealed that a Kuwaiti businessman will announce future projects in Jordan.

He said that the businessman is looking for stability and that is what Jordan is all about, stressing that he is aware of the new investment law in Jordan.

The ambassador highlighted the depth of relations between the two countries, describing it as a golden square.

In response to businessmen’s questions, the ambassador said that “We appreciate all Jordanian universities, and what Kuwait has done is that it rebalanced the distribution of students,” pointing out that there are about 4,700 Kuwaiti students in Jordan.

He added that “Kuwait has no reservations against Jordanian universities.”

He also added that there are no problems or obstacles regarding the visas granted to Jordanians.

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