Industry minister, Iraqi investors talk stronger investment, economic cooperation

Minister of Industry, Trade and Supply, Maha Ali, discussed on Thursday, with Iraqi businesspeople, role of the private sector in strengthening Jordanian-Iraqi relations, emphasizing the importance of Iraqi investor’s developmental role in the Kingdom.

Addressing the Iraqi investors, the minister stressed the importance of maintaining contacts and exchanging ideas with businesspeople, and taking “practical” steps to raise level of economic cooperation and overcome obstacles to revive joint trade and stimulating the private sector to launch investments in both countries.

Discussions also went over the importance of implementing the projects agreed upon between the two countries, mainly the economic city project and the oil pipeline, according to a ministry press statement.

Chairman of the Iraqi Economic Council (IEC), Al-Masoudi Al-Baghdadi, who headed the Iraqi delegation, said the IEC’s investment volume amounted to nearly $35 billion in all fields and in a number of countries.

Iraqi businesspeople and investors, for their part, praised Jordan’s investment environment, as well as the trade agreements signed by the Kingdom with a number of global partners, and the “advanced” level that the Jordanian economy has reached in all fields.

On future action, the delegation called on the Jordanian and Iraqi private sectors to build partnerships to benefit from investment opportunities to serve the two countries’ economies.

Source: Jordan News Agency