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Jordan Investment Board wraps up participation in the 14th German-Arab Business Forum

Jordan: Thursday, May 19 - 2011 @ 11:24

During a session dedicated exclusively to promoting Jordan as an attractive foreign investment destination titled “Jordan: An Access Point to The Middle East”, the speakers showcased the attributes that lure investors into the kingdom including sound macroeconomic environment, solid regulatory framework, cost-competitive structure of skilled labor in addition to the unparalleled stability and security that Jordan enjoys.

Speakers from the Jordanian delegation briefed participants on the kingdom’s investment environment in addition to providing information regarding the energy, water and pharmaceuticals sectors in Jordan and the success stories realized in these respective sectors.

Speakers included H.E. Mr. Hamzeh Al Omari, Charge d’affaires at the Jordanian Embassy in Berlin, Mr. Elias Farraj, Deputy CEO of Jordan Investment Board, Mr. Bernd Schmidt, Head of PPP-Regional Department for the Mediterranean, Mr. Samer Zureikat, Managing Director of MENA Cleantech AG, Mr. Riad Al-Saifi, President of the Amman Chamber of Commerce, and Dr. Axel Goehler, Managing Director of JPM Europe Branch and Honorary Consul of Jordan in Hamburg.

The forum offered insight into current topics and key sectors of German-Arab business relations. Moreover, it focused on the construction and energy efficiency sectors, water and environmental technologies, infrastructure and transport, Islamic finance and new banking trends as well as investments and technology transfer. The forum brought together entrepreneurs and professionals specializing in business, politics and science who discussed the latest developments and opportunities available in all major economic fields.

On the sidelines of the forum, JIB met with several German and Arab companies to discuss potential collaboration in versatile industries. Moreover, Jordanian entrepreneurs and businessmen met with their counterparts and discussed potential future partnerships in various economic fields.

It is worth noting that economic ties between Jordan and Germany were bolstered in recent years. Some of the German investments operating in Jordan include German-Jordanian University, Henkel, Merck in addition to several German pharmaceuticals manufactured under license in Jordan.

Agreements signed between Jordan and Germany include the EU Association Agreement, Promotion and Protection of Investment, and the Financial Assistance agreement.

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Thursday, May 19- 2011 @ 11:24 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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