JCC president, Abu Dhabi counterpart discuss investment opportunities

AMMAN — President of the Jordan Chamber of Commerce (JCC) Khalil Hajj Tawfiq and the first vice president of the Abu Dhabi Chamber of Commerce and Industry Ali Saeed Al Aldhaheri met on Thursday to discuss increasing cooperation to further both countries’ in trade and investment interests.

The meeting, held on the sidelines of the Annual Investment Meeting (AIM Global 2023) in Abu Dhabi, addressed ways to enhance coordination between the two chambers in terms of exchanging visits of trade delegations, hosting joint exhibitions and taking advantage of investment and economic opportunities available in both countries, the Jordan News Agency, Petra, reported.

Hajj Tawfiq referred to the "long-standing" ties between Jordan and the UAE in various areas, particularly in terms of trade, investment and joint ventures in strategic sectors with high added value.

He highlighted the significance of agreements reached in agriculture, medicine, minerals, chemicals and electric vehicles, as well as the complementary industrial partnership between Jordan, the UAE, Egypt and Bahrain, which is seen as the "foundation" for achieving economic integration between the participating nations,

In addition to strengthening cooperation in many sectors, particularly transportation and logistics, Hajj Tawfiq noted that Jordan's private sector is looking forward to expanding Emirati investments in the Kingdom, which are currently estimated at around $17 billion.

There are several options available to enhance prospects for trade exchange between Jordan and the UAE, mainly by focusing on non-oil goods, such as the agriculture, foodstuff, apparel, medical devices and pharmaceutical industries, Hajj Tawfiq added.

In 2022, Jordan's exports to the UAE totalled JD182 million, while its imports from the Gulf country reached around JD1.503 billion.

Jordan's exports to the UAE are primarily composed of goods from the chemical sector or associated industries, pharmaceuticals, fresh produce, food products, textile materials, jewellery and electric appliances.