Qatar Chamber of Commerce hails Jordan’s ‘encouraging’ investment environment

AMMAN — The business and investment environment in Jordan is “encouraging”, President of the Qatar Chamber of Commerce and Industry Sheikh Khalifa Bin Jassim Al Thani said on Sunday.

During an interview in Doha with the Jordan News Agency, Petra, Sheikh Khalifa said that commercial and investment relations between Qatar and Jordan are “solid and growing”, expecting further growth in several economic sectors.

He said that Jordan enjoys several investment-attracting features, which reflect positively on attracting foreign capitals, mainly in the ease of doing business, freedom to transfer profits and the incentives granted to investors.

The private sector in the Gulf country is considering boosting its investments in the Kingdom and benefiting from the investment incentives that the government has offered, which attract Qatari and other international businesspeople, the commerce chamber president said.

As for the competitiveness of Jordanian merchandise, mainly fruits and vegetables, Sheikh Khalifa said that the Kingdom’s products are “strongly present” in the Qatari market due to their “quality”, and have increasing demand from consumers.

Some 1,750 Qatari-Jordanian companies were operating in the Gulf country by the end of 2019, up from 1,550 companies by the end of 2018, he said, highlighting Qatari investments in Jordan, mainly in the energy, real estate, tourism and banking fields.