ACC to propose investment opportunities for Saudi investors — Murad

AMMAN – President of the Amman Chamber of Commerce (ACC) is preparing studies for investment opportunities in Jordan to be presented to Saudi investors in the coming months, ACC President Issa Murad said on Saturday. 

The studies will be ready to be offered during the meetings of the joint Jordanian-Saudi business council that will be held in coming few months, according to an ACC statement e-mailed to The Jordan Times. 

At a meeting with Saudi Arabia Ambassador to Jordan Sami Al Saleh, the ACC chairman said the private sector in Jordan is keen to boost economic and investment ties between the two countries and to attract more investments from the Gulf kingdom. 

He said the chamber is ready to follow up on difficulties facing investors from Saudi Arabia, adding that ACC is also working on organising a meeting for businesspeople from both countries to discuss obstacles and problems encountering investors in Jordan. 

The Saudi diplomat talked about renovation work of the Saudi-funded Azraq-Omari highway, which links Jordan with Saudi Arabia, adding that 18 per cent of rehabilitation works have been achieved so far. Saleh noted that there are 7,800 Saudi students in Jordan. 

According to ACC, Jordan's exports to Saudi Arabia in the first 11 months of 2014 reached JD645 million, while imports from the oil-rich country were over JD2 billion.