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PM, Kuwaiti delegation meeting centres on economic, trade cooperation

By JT - Nov 19,2019 - Last updated at Nov 19,2019

Prime Minister Omar Razzaz chairs a meeting with a Kuwaiti industrial-commercial delegation on Monday (Petra photo)

AMMAN — Prime Minister Omar Razzaz on Monday reiterated Jordan and Kuwait's "deep ties" in various fields.

During a meeting with a Kuwaiti industrial-commercial delegation headed by Director General of the Kuwaiti Public Authority for Industry Abdul Karim Taqi, Razzaz reaffirmed the Kingdom's keenness to advance mutual cooperation in the best interests of the two countries, notably in the economic and trade fields.

Kuwait is the top Arab investor in the Kingdom, the premier said, welcoming more Kuwaiti ventures and expressing the Kingdom's readiness to facilitate such enterprises, the Jordan News Agency, Petra, reported.

He also went over investment opportunities in vital infrastructure, transport and water projects.

Razzaz highlighted that Jordan advanced 29 ranks in the World Bank’s 2020 Ease of Doing Business Report, attributing the jump to the government's efforts in following up with investment-related issues and devoting attention to feedback from businesspeople. 

Minister of Industry and Trade Tareq Hammouri, Kuwaiti Ambassador to Jordan Aziz Daihani, President of the Jordan Chamber of Commerce Senator Nael Kabariti and President of the Jordan Chamber of Industry Fathi Jaghbir attended the meeting.

Hammouri pointed to the importance of joint coordination with Kuwaiti counterparts to penetrate global markets.

For his part, the Kuwaiti diplomat emphasised the necessity of activating the agreements that have been signed between the two sides, expressing pride in the volume of Kuwaiti investments in the Kingdom, which is the highest among Arab countries, reaching $18 billion.

He added that his country is seeking to increase this number, expressing appreciation for Jordan's efforts towards supporting Kuwaiti businesspeople in the Kingdom.

"We are pushing forward towards advanced economic relations," the ambassador said, expressing his country's support to Jordan in light of the difficult economic circumstances it is experiencing, and his confidence in Jordan's ability to achieve the desired improvement.

Kuwaiti Director General of the Public Authority for Industry AbdulKarim Taqi said that the Kuwaiti delegation's visit to the Kingdom is intended to explore investment opportunities in various fields, according to Petra.

For his part, Kabariti said that the government's recent package of incentives has gained the satisfaction of the Jordanian private sector, as well as Arabs and foreign investors.

Appreciating Kuwait's role in underpinning Jordanian exports, Jaghbir noted that Kuwait does not put obstacles in the path of trade exchange, highlighting that during the closure of the Jordanian-Iraqi borders, Jordanian exports to Iraq passed through Kuwait. 

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