Archive for month: May, 2017

According to the invitation extended by the Iraqi government, a number of Iraqi and Jordanian businessmen met on Thursday May 18th, 2017 with the Iraqi President Dr. Fouad Massoum at his residence in Jordan. IBC was represented by IBC Chairman Dr. Majid Saedi, IBC Vice Chairman and Secretary General Mr. Saad Naji, IBC Board member Mr. Ahmed Sarraf and IBC members; Mr. Ahmed Ismael Saleh and Mr. Ahmed Jubouri. The meeting was also attended by the Iraqi Ambassador to Jordan Mrs. Safiya Al-Seheil and the ministerial team accompanying the Iraqi President Dr. Massoum.
During the meeting, the Iraqi President Dr. Massoum stressed the need to give the private sector a real opportunity to contribute to the development of the Iraqi economy, pointing out the necessity of providing the necessary legislations and requirements to activate the contribution of the private sector in the reconstruction drive, industry and agriculture sectors and strengthening the economic and investment relations between Iraq and Jordan.

On their part, the present Iraqi and Jordanian investors stressed the firmness of the brotherly relations and cooperation between the two countries and keenness on strengthening such ties.

They further reviewed a number of obstacles facing their projects and business in Iraq particularly the continued closure of Trebil border crossing.

The Ministerial team responded to all queries raised by the investors.
On this occasion, Dr. Saedi delivered a welcome speech expressing the desire of the Iraqi investors abroad to support their country with new investments inside Iraq.

On the Jordanian side, the meeting was attended by the Jordanian Minister of Energy and Mineral Resources Dr. Ibrahim Saif, in addition to a number of Presidents of Federations and Chambers of Industry and Trade.

The meeting of the joint Iraqi – Jordanian Committee was held on Thursday May 18th, 2017 at Amman Royal Hotel. On IBC side, the meeting was attended by IBC Chairman Dr. Majid Saedi, IBC Vice Chairman and Secretary General Mr. Saad Naji, IBC Board member Mr. Ahmed Sarraf and IBC members Mr. Ahmed Ismael Saleh and Mr. Ahmed Jubouri, in addition to a number of Iraqi businessmen and investors.

As on the side of the Iraqi government delegation, the meeting was attended by the Iraqi Oil Minister Mr. Jabbar Luaibi, Minister of Planning Dr. Salman Al-Jumaili, Acting Minister of Higher Education and Scientific Research and Finance Minister Mr. Abdul Razzaq Al-Issa, Acting Minister of Foreign Affairs, President of the Iraqi National Commission for Investment Dr. Sami Al-Araji and the Iraqi Ambassador to Jordan Mrs. Safiya Al-Siheil. As on the Jordanian side, the meeting was attended by the Minister of Industry & Trade Dr. Yarub Al-Qudha, Minister of Energy & Mineral Resources Dr. Ibrahim Saif, in addition to a number of Presidents of Federations and Chambers of Trade and Industry.

During the meeting, a number of key points were discussed such as : exempting the Jordanian products from customs duties where the participating Jordanian delegation pointed out that the Iraqi authorities have been provided with a detailed report on production capacity of factories and types of commodities, stressing the desire to obtain the relevant approvals to enhance the trade relations between the two countries.

Further, the Iraqi delegation reviewed the implementation phases of the Iraqi – Jordanian Pipeline Project between Basra and Aqaba.

The participants also talked about completion of the award procedures of the Pipeline Project between Najaf and Aqaba and awarding the Project to a company that has been rehabilitated.

The Iraqi delegation further pointed out that a new significant strategic project has been added to the joint projects between Iraq and Jordan that is the Railway Line between Basra and Aqaba which would later be extended to Egypt.