IBC Deputy Chairman & Secretary-General & Members of the Iraqi Business Council Delegation Participate in the “Jordanian Investment Forum with Iraq’s Kurdistan Region”
IBC Deputy Chairman & Secretary-General, Dr. Saad Naji, and IBC Board members; Mr. Ahmad Ismael Saleh, Mr. Ahmad Al-Amili, Mr. Muhammad Shanshal and Dr. Bashar Abdul Rahman, and representatives of (Alam Al-Taqa) “Energy World” Company Mr. Ghaith Al-Rawi and Mr. Bakir Al-Juburi, representatives of Isnad Company, Mr. Ahmad Rashid Dabdoub and Mr. Yazan Masa, and representatives of the Investment Bank; Mrs. Niveen Abu Sinneh and Mrs. Rasha Abu Saleem, in addition to IBC CEO and staff participated in the Jordanian Investment Forum with Iraq’s Kurdistan Region which was held on October 1st 2022 at the Landmark Hotel – Amman. In his speech in the Forum, Dr. Saad Naji gave a review on the establishment of the Iraqi Business Council in 2006, which is considered a forum for businessmen to exchange commercial opinions, ideas, information and provision of job opportunities through trade and social missions and introduction of investment opportunities existing in Jordan and Iraq, clarifying that IBC includes most of the Iraqi companies investing in the Kingdom.
Dr. Naji further added that the estimated value of Iraqi investment volume in Jordan amounts to 23.4 billion JOD distributed on various economic sectors, indicating that this investment does not include the Iraqi deposits in Jordanian banks.
He pointed out that the investment sectors where Iraqi businessmen invest in Jordan are distributed on lands and real estate sector with the value of 7.3 billion JOD, the industrial sector 4 billion JOD, tourism sector 5 billion JOD and the banking sector, exchange companies and Amman Stock Market 3 billion JOD.
According to the study presented by Dr. Saad Naji, Iraqi investments in Jordan are also distributed on the education and health sectors with the value of one billion JOD, transit trading companies and the head offices maintained by Iraqi companies operating in Iraq with business volume of 3 billion JOD and the fixed deposits in the Jordanian banks for purposes of obtainment of annual residence permits amounts to 100 million JOD.
The visiting delegation from Kurdistan Region included the Head of Cabinet, Dr. Omeed Othman, Head of Kurdistan Region Investment Commission, Dr. Muhammad Shukri, Head of Kurdistan Region Investors Federation, Mr. Ahmed Rikani, Head of Kurdistan Investors Federation – Sulaymaniyah Branch, Mr. Yassin Rashid, and a group of businessmen from major companies in Kurdistan.
From the Jordanian sides, the Forum was attended by Head of the Jordanian Businessmen Association, PM Hamdi Al-Tabbaa, a number of the Association’s members, Jordanian Investment Minister, Engineer Khairi Amr, and Jordanian Consul-General in Erbil, Mr. Fuad Al-Majali.
