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Jordan, Malaysia talk ways to enhance economic relations

13 Oct 2022 10:33am
Image for illustrative purposes only - sinar archive
Image for illustrative purposes only - sinar archive
AMMAN - Jordanian Businessmen Association (JBA) is keen to work with Malaysia to develop an action plan for the next year to build strategic partnership in investment fields to serve common interests between both countries.

Jordan news agency (Petra) reported that this initiative was discussed by JBA President Hamdi Tabbaa and Chargé d'Affairs at Malaysian Embassy in Amman, Wan Faizatul Afzan Ismayatim during a meeting held at JBA’s Headquarters on Wednesday.

The two sides had discussed mechanisms for developing the two countries' economic relations, stressing the necessity of holding meetings to identify priority economic sectors and key investment opportunities available and increasing networking between businesspeople of two countries, according to Petra, citing statement from JBA.

Tabbaa stressed on the importance of strengthening and activating economic relations between the two countries towards "broader" horizons of investment partnerships in various fields of common interest.

"Jordan and Malaysia share "strong, historic" relations that are constantly developing, which requires efforts to strengthen them”, he noted.

He also drew attention to Jordan's value-added economic sectors, which the Malaysian side can invest in and benefit from investor incentives, especially in the pharmaceutical and food industries, information technology and food security.

Tabbaa said JBA is viewed as Jordan's investment arm since its establishment by launching joint business councils and signing memoranda of cooperation and understanding with many Arab and foreign business sector institutions.

He also called on the Malaysian private sector to get acquainted with Jordan's investment opportunities in various sectors, it reported.

For her part, Malaysian diplomat stressed the importance of strengthening and developing joint cooperation with many investment opportunities available to both sides and various areas to enter the two countries' markets, noting that Malaysian market is "diverse, wide and prosperous”, Petra reported.
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The two countries' trade exchanges during the past year amounted to about US$283 million, of which US$59 million were exports to Jordan, concentrated in the chemical and mineral industries and plant products, the statement said. - BERNAMA

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