Qatar Chamber hosted a meeting with a delegation from the Jordan Chamber of Commerce, the meeting discussed ways of enhancing economic co-operation relations, activating mutual investments, and contributing to increasing trade exchange between Qatar and Jordan.
Qatar Chamber chairman Sheikh Khalifa bin Jassim al-Thani stressed that trade exchange between Qatar and Jordan grew by 18% in 2018 to reach QR1.3bn from QR1.1bn in the previous year.
He said that there are 1,725 Qatari-Jordan companies operating in Qatar in 2019 compared to 1,550 firms in 2018, adding that there are 175 Jordanian companies entered the Qatari market in the first nine months of 2019.
The delegation, which was led by Jordan Chamber of Commerce chairman Nael al-Kabariti, was welcomed by Sheikh Khalifa, who underscored the importance of activating the Qatar-Jordan Business Council.
According to Sheikh Khalifa, the council plays a key role in promoting co-operation between businessmen, enhancing mutual investments, and developing trade exchange between both countries. He also announced that Qatar Chamber will organise a business visit to Jordan “in the near future to review trade co-operation.”
Qatar Chamber first vice chairman Mohamed bin Towar al-Kuwari said commercial relations between Qatari and Jordanian businessmen “are at their best,” and that “there are many investment opportunities available in both countries.”
Al-Kuwari stressed that Qatari businessmen have “a strong desire” to enhance investments in Jordan and enter new sectors aside from the financial and real estate sectors.
Al-Kabariti underscored the value of the level of co-operation relations between Qatar and Jordan’s private sectors, saying it is important for both sides to develop trade exchange and establish more partnerships and joint investments.
Reiterating Sheikh Khalifa’s call to activate the Qatar-Jordan Business Council, al-Kabariti stressed that this will help in enhancing communication between business owners from both sides and exploring new opportunities for cooperation.
Al-Kabariti praised His Highness the Amir Sheikh Tamim bin Hamad al-Thani for allowing 10,000 Jordanian youth to be employed in the Qatari market. He also stressed the importance of holding an exhibition for Jordanian products to help promote Jordanian products in Qatar.
During the meeting, Ali al-Yafei of the Ministry of Commerce and Industry delivered a presentation on the salient features of Qatar’s incentives and investment climate and the country’s investment environment, which the ministry said is “characterised by a safe and stable climate.”
He pointed out that the Invest in Qatar Centre evaluates non-Qatari investments and provides the necessary information about the local business environment, existing and future projects, as well as incentives offered to foreign investors.
Also, al-Yafei elaborated on Qatar’s advanced infrastructure, economic legislation, access to global markets, and the strengthening of partnership between the public and private sectors.
Similarly, the Jordanian delegation gave a presentation on Jordan’s tourism sector as well as the investment climate and incentives provided by the government to attract foreign investments.
Haytham al-Rawajneh, who represents the ICT sector at the Jordan Chamber of Commerce, called on Qatari investors to invest in IT, which is one of the leading industries in Jordan.