Jordanians, Saudis hold economy talks this week

AMMAN — The Jordanian-Saudi Economic Forum and the eighth meeting of the joint Saudi-Jordanian business council are scheduled to start on Tuesday with a presentation from the Jordan Investment Commission on investment opportunities and development zones.

The forum, organised by the Jordan Chamber of Commerce (JCC), will also include a second presentation to highlight investment opportunities in the Aqaba Special Economic Zone Authority, in addition to holding bilateral meetings between Jordanian and Saudi businesspeople.

JCC President Nael Kabariti said on Monday the forum provides a new opportunity to enhance economic relations between the two kingdoms and improve communication between Jordanian and Saudi private sector commissions, in addition to providing a ground to exchange views on obstacles facing investments in each country.

He noted that $10 billion of Saudi investments in many vital sectors of the Kingdom's economy positively affect the national economy and contribute to achieving development and providing more jobs to Jordanian.

Meanwhile, Amman on Wednesday and Thursday will be hosting the 15th meeting of the joint Jordanian-Saudi committee which aims at boosting bilateral cooperation at all levels, especially in the economic field.

Ministry of Industry, Trade and Supply Spokesperson Yanal Barmawi said the committee would inaugurate the event by holding a meeting for its technical committee which will discuss all matters related to enhancing bilateral cooperation through sub-committees on economics, services and others.