Asharqia Chamber receives a Jordanian trade delegation headed by the Jordanian Minister of Industry, Trade, and Supply
The Jordanian Minister of Industry, Trade, and Supply Youssef Al-Shamali confirmed that Saudi investments are among the most important investments in Jordan and that the two countries have ambitions to raise the level of trade exchange. In the two brotherly countries, to keep pace with the aspirations of the leadership of the two countries towards achieving economic integration.
This came during his visit and a Jordanian delegation yesterday, Tuesday, March 1, 2022 AD, to the Asharqia Chamber, and was received by the Chairman and members of the Board of Directors of the Chamber and representatives of the business sector in the Eastern Province.
His Excellency said that the legal frameworks in the two countries are available, including the bilateral agreement and the Arab League agreement, and that the two countries signed 17 documents during the visit of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz to Jordan in 2017, hoping that the visit of the Jordanian delegation to the Kingdom will reflect positively on the increase in the volume of trade exchange.
For this part, the Chairman of the Asharqia Chamber, Badr bin Suleiman Al-Raziza, welcomed the Jordanian delegation, stressing the depth of bonding between the two brotherly countries and the brotherly relationship between the two leaderships, which made it a real model and a role model for Arab cooperation in all fields.
Al-Raziza said that the Saudi-Jordanian relations are distinguished by their historical depth, and there is an increasing interest on the part of the Saudi and Jordanian sides at all levels to advance bilateral relations, especially the economic ones in a manner that serves common interests and maximizes the benefit of the brotherly and historical ties between the two countries and that the private sector on both sides can under the light of the prepared conditions supported by the two countries’ visions for the future, to play a major role in increasing the prospects for economic cooperation, enhancing inter-trade, and establishing more investment projects.
Al-Raziza pointed out that the Kingdom and brotherly Jordan share many areas of cooperation, such as transport, infrastructure, energy, the financial and commercial sector, the tourism construction sector, and many other sectors. The two countries have great commercial relations, pointing out that Jordan is one of the most prominent trading partners of the Kingdom; The volume of trade between the two countries in 2019 amounted to about 14.7 billion riyals, and in the year of the pandemic, about 11.6 billion riyals, and Saudi investments in Jordan amount to nearly 13 billion dollars in the sectors of transportation, infrastructure, energy, commercial and financial, construction and tourism).
He said that the Asharqia Chamber, within the framework of its objectives of strengthening joint commercial relations between the private sector in both countries, puts all its capabilities, whether in terms of providing you with commercial information and investment opportunities that characterize the Eastern region, or achieving your direct communication with the business sector in the region, to expand investment circles and enhance Trade exchange and the establishment of complementary industries between the two sides.
For this part, the head of the Jordan and Amman Chambers of Industry, Eng. Fathi Al-Jaghbir pointed to the importance of the role of the Saudi-Jordanian private sector in promoting the process of economic integration and called for benefiting from the meeting to form trade exchange partnerships between the two countries, especially as it is not commensurate with the productive diversity of the industrial sector in the two countries.
Jaghbir said that the Jordanian industrial sector is one of the most promising and capable of development, as its exports constitute more than 90% of the total Jordanian exports. Cardboard, vegetables, dairy products, soap, and cleaning tools, while Jordan imported $2.1 billion from the Kingdom, and Jordanian imports from the Kingdom of mineral fuel and its distillation products accounted for 53% of the total imports, in addition to plastics and their products, including ethylene polymers in all its primary forms.
