Participation of IBC Delegation in the Bilateral Business Meeting With the Vesting Austrian Companies Delegation
Organized by the Commercial Section of the Austrian Embassy in Jordan and in cooperation with IBC, a bilateral business meeting was held on Tuesday October 20th 2015, in which a delegation of IBC members and the visiting Austrian Companies delegation participated.
The meeting was attended by the Austrian Commercial Advisor Ms. Isabel Schmedpower, Head of the Austrian Federal Economic Federation for Africa and Middle East Region Mr. Pierre Bronce and the Resident Representative of the International Monetary Fund (for Iraq and Yemen) Ms. Marwa Nisma.
On IBC side, the meeting was attended by IBC Chairman Dr. Majid Sadi, IBC Vice President and Secretary-General Mr. Saad Naji, Vice President Mr. Turkey Al-Qaissi and Board members; Mr. Usama Al-Quraishi, Dr. Fakhri Rishan, IBC member Mr. Hassan Al Dahan and IBC CEO.
At the beginning of the meeting the Austrian Commercial Advisor Ms. Isabel Schmedpower welcomed IBC delegation and expressed keenness of the Austrian Companies to establish trade relations with their Iraqi businessmen counterparts.
On his part, IBC Chairman Dr. Sadi welcomed the visiting members of the Austrian trade mission and elaborated on the volume of Iraqi investment in the Kingdom which witnesses steady increase under the wise economic policies of His Majesty King Abdullah II Bin Al-Hussein, and His Excellency’s continued support to Iraqi investors, provision of suitable investment environment and elimination of all obstacles facing Iraqi investors in Jordan.
He also spoke about a number of strategic projects such as the Oil and Gas Pipeline Project between Jordan and Iraq and the common interest it provides to the two neighboring countries as it provides Iraq with a new export outlet and contributing at the same time to meet Jordan’s needs of oil.
On his part, the Head of the Austrian Federal Economic Federation Mr. Pierre Bronce provided a summary on the Federation, economic indicators and fields of investment and industries in Austria.
IBC members also discussed the investment opportunities available in Iraq and the mechanism of cooperation with foreign companies.
They emphasized the necessity of exchanging visits of trade delegations from both countries that would promote trade and economic exchange in all fields.
IBC members and members of the Austrian Trade delegation presented a summary on their companies and trade activities.
When the meeting was concluded, both sides proposed a mechanism for joint cooperation through signing a joint Memorandum of Understanding, and exchanged thanks for organizing the meeting.
