Amman: Jordanian Businessmen Association (JBA) President Hamdi Tabbaa Saturday discussed with a visiting delegation of Jordanian Australian businessmen prospects of forging closer investment cooperation and expanding trade relations between the private sector in the two countries.
Tabbaa told the group that Jordan looks forward to attracting more foreign investments, especially from Australia, through cementing relations between the private sector in both countries, the JBA said in a press release.
He pointed out that economic relations with Australia saw “remarkable development” in recent years, adding “we aspire to see them further prosper in a manner that reflects on the volume of trade exchange and investment.”
Tabbaa outlined key investment opportunities in mega projects and the need to promote ventures, noting the strong bilateral relations, particularly in tourism and health care, as well as opportunities in the education sector.
He called on Australian businessmen to visit Jordan and see first-hand productivity and service projects in the industrial estates and development areas, as well as the possibility for businessmen and investors to benefit from the Australian Investment Environment Law of 2022 and the advantages and incentives it offers.
Head of the Australian team Shawkat Maslamani expressed hope that the visit would help consolidate his country’s relations with Jordan and the Middle East, and the provision of aid in various fields, including education and health and the transfer of knowledge in various industries, namely Australia’s expertise in weaving and vocational education to Jordan.
The two sides called for taking down barriers to cooperation, launching joint ventures in promising sectors and benefiting from economic advantages and incentives offered by both countries.
The trade volume between Jordan and Australia was about $99.2 million in 2021, of which $31 million in exports, including fertilizers, knitting products and food commodities such as coffee, tea and spices, while imports accounted for about $68.2 million, mainly meat, pharmaceuticals and vegetables.
Source: Jordan News Agency