Meeting between The Iraqi Business Council – Jordan, and Jordan Free & Development Zones Group Company to Discuss Investment Opportunities
A bilateral investment meeting was held on Tuesday August 6th 2024 at IBC offices attended by IBC Deputy Chairman & Secretary-General, Dr. Saad Naji, IBC Board member, Engineer Mekki Al-Faiz, and IBC members; Mr. Ahmad Al-Amili, and Mr. Aqeel Hadi. On the side of Jordan Free & Development Zones Group Company the meeting was attended by the Chairman’s Advisor, Mr. Muhammad Al-Wakid, the Director General of the Free Zones, Mr. Abdul Hamid Al-Gharaibeh, the Director General of the Development Zones, Mr. Yousif Arafat, the Director of Investors’ Services, Engineer Jafar Al-Qudaa, and the Director of Marketing and Communications, Mrs. Noor Al-Sharif.
The meeting began with a welcome speech delivered by Dr. Saad Naji, who expressed his thanks and appreciation to the present guests, lauding their keenness on boosting cooperation with the Iraqi Business Council. The meeting discussed a number of issues relating to investment in Jordan, as well as eliminating obstacles that stand in the way of investors, amending investment regulations to ensure attracting new investments and strengthening the existing ones. The members also discussed the mechanisms that attract investors; such as the facilities provided for granting long-term residency permits and employment of investors’ children. IBC Director General presented a comprehensive overview on the Council’s distinguished activities and investments of IBC member companies to affirm the Council’s vital role appertaining to boosting investment and economic cooperation between the two countries.
For his part, Mr. Abdul Hamid Al-Gharaibeh talked about the investment opportunities available in the Free Zones, especially in Queen Alia International Airport, pointing out the incentives, exemptions and competitive benefits provided to investors. Mr. Al-Gharaibeh further proposed the arrangement of a field visit to IBC members to visit Queen Alia International Airport Free Zone.
Also, Mr. Yousif Arafat gave an overview on the investment opportunities available in the Development Zones; such as Ajloun Development Zone (the Cable Car Resort) and the Dead Sea Zone, stressing the importance of exploiting these opportunities to further enhance economic cooperation between the two sides.
At the close of the meeting, the two sides agreed to expand the horizons of cooperation, continuous communication and to periodically provide IBC with a list covering available investment opportunities and coordinate bilateral meetings with the investors interested in the Free and Development Zones.
