Chamber of industry calls for increasing German-Jordanian investments in Kingdom

AMMAN — During the Jordanian-German Economic Forum, President of the Amman Chamber of Industry (ACI) Fathi Jaghbir has called for enhancing joint investments between Jordanian and German businesspeople in the industrial sector, the Jordan News Agency, Petra, reported. 

“Investment is not only a main operator for economic growth, but also contributes to secure customers’ needs during crises,” the president said.

The event was held virtually on Saturday in cooperation with the German-Arab Chamber of Industry and Commerce (GACIC). 

The forum aims at enhancing ties between the two countries in the fields of energy, renewable energy, industry, water, infrastructure, health, education and training, Petra said.

German Ambassador to Jordan Bernhard Kampmann highlighted the importance of benefitting from the event through getting acquainted with investment opportunities and boosting the utilisation of programmes offered by the German Agency for International Cooperation (GIZ) in the Kingdom.

Jordanian Ambassador to Germany Bashir Al Khasawneh referred to the “deep-rooted” ties between Amman and Berlin in various fields, praising the German support to the Kingdom, especially in light of the COVID-19 pandemic.

ACI Director General Nael Hussami said that some 20 per cent of the Jordanian imports come from European markets, yet the Kingdom’s exports to these markets are much lower, despite having an agreement signed between Jordan and the EU.

Head of the Egypt-based GACIC Imad Ghali stressed the important role of the forum in boosting ties among Jordanian, Egyptian and German companies, noting that the chamber is scheduled to hold more meetings within the next two months to enhance relations among private sector institutions in the third world.

Jordan Investment Commission Chairman Khalid Wazani said that Jordan currently has some 75 promising investment opportunities in various economic sectors, stressing the commission’s readiness to provide all necessary support to German companies interested in investing in Jordan.