Economic Event: Meeting of IBC Chairman & Members with members of the Parliamentary Economic & Investment Committee
IBC Chairman Dr. Majid Saedi, IBC Deputy Chairman and Secretary General Dr. Saad Naji, IBC members Dr. Hasenein Al-Ibrahimi and IBC Director General met on Tuesday March 9th 2021 with members of the Economy & Investment Committee of the Jordanian Parliament; representatives Dr. Khalid Al-Satneji and Mr. Khaldoun Hina.
At the beginning of the meeting Dr. Saedi reviewed some of the investments of IBC members in the Hashemite Kingdom of Jordan and the major role of the Iraqi investors and businessmen in supporting the Jordanian economy.
He also stressed the need to support investment during this difficult phase since all economic sectors have been negatively and seriously affected by the Pandemic, and providing the necessary facilities to maintain investment, in addition to renewing the investor’s temporary passport according to the previous instructions and conditions, according to which investors and their families were granted this passport without the need to change or increase the conditions for its renewal, since the new instructions contradict the previous ones, according to which the passport was granted.
For his part, Representative Dr. Khalid Al-Satneji expressed keenness of the Jordanian Government on developing the investment environment and that this meeting was held to start working on that, stressing that the Economic & Investment Parliamentary Committee will form joint committees with the Iraqi Business Council and organize bilateral meetings between these committees, Ministers and the Jordanian Government’s team to develop solutions for investment and provide more incentives and facilities to investors to enhance and develop the investment environment in Jordan, which has been affected by the difficult regional conditions and Cornonavirus Pandemic.
Dr. Saad Naji also spoke during the meeting about the importance of modifying the definition of investment in Jordan, not limiting it to specific sectors, since all economic sectors fall within the concept of investment in a large number of courtiers that witnessed great economic growth and prosperity, and facilitate the residence renewal instruction for investors without the need to refer to the Verification Department of the Jordanian Interior Ministry, and provide incentives and facilities to investors that would enhance investment, settle it, and reduce the chances of the investors’ transferring their investments to other countries.
IBC member Dr. Hasenein Al-Ibrahimi discussed the study and data that he had earlier prepared on foreign investment in the Kingdom, which included a number of important points; the most important of which are the terms and laws for grating citizenship to investors, facilities provided to attract and settle investments in a number of countries such as Turkey, the United Arab Emirates, Egypt, Britain and the united States of America, and stressed the need to be familiar with the investment experiences, conditions and privileges in those countries, which would support the Jordanian economy and move the wheel of investment.
