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Fayez presents Kingdom's investment opportunities in meeting with French companies

By JT - Sep 22,2022 - Last updated at Sep 22,2022

AMMAN — Senate President Faisal Fayez on Wednesday called on French companies and businesspeople to invest in Jordan and to take advantage of the investment opportunities available in the Kingdom's energy and water sectors.

On the sidelines of his official visit to France, Fayez's remarks came during a meeting with French Senate members as well as several managers of French companies operating in the energy and water sectors, the Jordan News Agency, Petra, reported. 

Fayez said that Jordan's investment environment has the necessary elements for investment, noting that the Kingdom is considered “a model” for starting projects in water desalination, building sewage networks, constructing dams, digging deep wells, and exploring oil and gas fields.

The Senate president added that Jordan is a safe and stable country, with a strategic location in the region that qualifies it to be a hub for regional energy projects, from its territories to neighbouring countries, such as oil and gas pipelines and electrical interconnection schemes.

He noted that the Kingdom also has multiple investment opportunities with high added value in various economic sectors which enjoy high comparative and competitive advantages.

The Kingdom also has investment opportunities in the tourism sector, in the development of hotels, tourist resorts, entertainment facilities, and exhibition, ICT and air transport centres, Fayez noted.

He added that Jordan offers investment incentives in the industrial and logistics sectors, especially in development and industrial estates, and in free zones nationwide.

Expressing the Kingdom's aspiration for increased French partnerships and investments in Jordan, he stressed Jordan's readiness to facilitate the implementation of projects that would benefit from "great" investment opportunities.

The French businesspeople present at the meeting stressed their keenness to increase their investments in the Kingdom, mainly in the water and energy fields. They also expressed their eagerness to enhance cooperation with their Jordanian counterparts, exchange expertise and hold meetings that would contribute to bolstering partnerships and serving mutual interests, Petra reported.

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