Welcome to the Economic Forum for Financial, Industrial, and Commercial Partnerships
Recently, the Economic Forum for Financial, Industrial, and Commercial Partnerships between Iraq, Jordan, and the region took place at the stunning Dead Sea. The participants of the forum stressed the importance of expanding trade exchanges between Jordan and Iraq. They also emphasized the significance of supporting small-scale projects to generate employment opportunities for the youth.
The forum highlighted Jordan’s substantial support to Iraq, investors, entrepreneurs, and the Iraqi population. The participants urged for building upon the positive outcomes of Iraqi President Abdul Latif Jamal Rashid’s recent visit to Jordan and his meeting with His Majesty King Abdullah II.
Saad Naji, the Chairman of the Forum’s Preparatory Committee and Vice-Chairman of the Iraqi Business Council in Amman, brought attention to key recommendations. These included encouraging private sectors of both nations to engage in joint investment ventures and leveraging available opportunities.
Participants recognized the importance of high-level engagement from both countries. They underscored the urgent need to establish a joint economic zone and proposed developing a roadmap for sustainable economic growth in Jordan and Iraq. The focus was on turning agreements into actionable plans and expediting their execution.
The forum called for strengthening economic ties based on mutual benefit. Jordanian companies, especially those in contracting, construction, and banking, were urged to expand their presence in Iraq and capitalize on strategic projects outlined by the Iraqi government.
In addition, the participants emphasized the simplification of visa processes for Jordanians visiting Iraq. They also advocated for ample opportunities for private sectors of both nations to participate in Iraqi investment projects, particularly in mining and industry, and to benefit from Jordan’s expertise in digital transformation.
The forum, stretching over two days and organized by the Iraqi Business Council in Amman in collaboration with the Jordan and Amman Chambers of Industry, marked the largest Iraqi-Jordanian economic gathering. The inauguration featured Minister of Investment, Kholoud Saqqaf, and Minister of Industry and Trade, Youssef Shamali, alongside other dignitaries, businessmen, investors, and representatives of Arab and foreign companies.
Several entities, including the Board of Commissioners of the Media and Communications Commission, the Anbar Investment Authority, the Erbil Chamber of Industry and Commerce, and the Baghdad Chamber of Commerce, actively participated in the forum.
Moreover, the forum received support from organizations like the Union of Arab Businessmen, the Multilateral Investment Guarantee Agency, the International Finance Corporation of the World Bank Group, the Association of Information and Communications Technology Companies (Intaj), the Association of Iraqi Private Banks, the Association of Banks in Jordan, the Jordan Enterprise Development Corporation (JEDCO), and Jordanian free zones and development.
The forum covered crucial topics such as investment opportunities, economic modernization, and success stories of Jordanian and Iraqi investment firms. A two-day exhibition showcased major commercial and industrial entities from both Jordan and Iraq.
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