The Iraqi Business Council Signs a Memorandum of Understanding With the Jordanian Businessmen Association at IBC Offices
Chairman of the Iraqi Business Council, Dr. Majid Sadi, IBC Deputy Chairman & Secretary-General, Dr. Saad Naji, IBC Board member Mr. Mekki Al-Faiz and a number of IBC members; Mr. Osama Al-Shemmari, Mr. Muhammad Shanshal and IBC Director General received on Tuesday September 20th 2022 at IBC offices the Chairman of the Jordanian Businessmen Association, MP Hamdi Al-Tabbaa, a number of the Association’s Board members and Board of Trustees, General Assembly and the Association’s Director General, Mr. Tariq Hijazi, to sign a memorandum of understanding aiming at supporting joint cooperation between the two sides and strengthening joint cooperation to serve and expand horizons of economic relations between the Jordanian and Iraqi business community.
During the meeting
Mr. Al-Tabbaa expressed his happiness with this cooperation. He reviewed role of the Jordanian Businessmen Association in enhancing Jordan’s economic and investment relations with various brotherly Arab and friendly foreign states, promoting the advantages, incentives and investment opportunities that Jordan enjoys through joint business council to which the Association is associated.
On the other hand
Dr. Sadi pointed out that Jordan plays a major role in receiving investors from the Arab world. ِAs Jordan is a symbol of tolerance and coexistence. Streesed that the priority in Iraqi imports is for Jordan, if it achieves competition in terms of price and quality. He also reviewed a number of projects that the government intends to announce as investment opportunities in Iraq. Especially in the fields of telecommunications, real estate development and reconstruction.
Mr. Al-Tabbaa pointed out the importance of working on exploring prospects for investment opportunities especially in the promising economic sectors of common interest, pointing out that the Iraqi market is one of the important markets for Jordan.
Mr. Al-Tabbaa also pointed out that Jordan enjoys several attractive investment advantages that provide investors with a safe environment for investment with multiplicity of free trade agreements and availability of many free and development zones.
Dr. Sadi stressed that the MOU will strengthen cooperation and exchange of know-how in various economic fields, pointing out the role of the Iraqi Business Council in developing Iraqi investments in many economic sectors and the interest of the Iraqi side to invest in Jordan and the Arab world in general, expressing his happiness at the signing of the agreement, especially with the existence of diverse opportunities on the trade and investment levels that can be exploited in developing the Jordanian – Iraqi relations.
The agreements aims
The agreements also aims at boosting cooperation between the two sides in holding relevant activates, conferences and forums that serve to boost the development of economic relations between members of both sides, enhance means of communications, provision of possible facilities in this respect, encourage members of both sides to participate in such activities, as well as cooperation to encourage and facilitate the exchange of know-how and information available to both sides on the opportunities of developing various economic sectors, holding strategic partnerships on the local, Arab and regional levels.
The agreement also aims to boost joint cooperation as to holding bilateral meetings with businessmen in fields of common interest, cooperation in preparation of studies, researches, statistics and joint reports in various economic fields, as well as cooperation in holding joint seminars and workshops in fields of common interest.
During the meeting,
The two sides stressed the needs to work on developing a clear work plan through the signed memorandum of understanding. In order to promote the volume of bilateral investments in the interest of both sides.
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