ACI calls for boosting Jordanian-German industrial investments

AFAQ NEWS

Head of the Amman Chamber of Industry (ACI), Fathi Jaghbir, called for promoting joint investments between businesspeople from Germany and Jordan in the industrial sector.
Speaking during the Jordanian-German Economic Forum, which was organized remotely, he said “investment is not only a major engine for economic growth, but also works to provide the consumer needs during crises.”
In a press statement issued on Saturday, Jaghbir emphasized the necessity of optimizing benefit from participating in such events, by working to establish joint projects in various available fields, and benefit from advanced German expertise in the field of manufacturing, education and vocational training.
The forum was organized in cooperation between ACI and the German- Arab Chamber, with the aim of strengthening relations between the two countries in the fields of energy, renewable energy, industry, water, infrastructure, health, education and training.
For his part, the German ambassador to Jordan, Bernhard Kampmann, called on identifying joint investment opportunities, and maximizing the benefit from the programs offered by the German Agency for International Cooperation in the Kingdom, indicating that the German-Jordanian University is a successful example of cooperation between the two countries.
The envoy underlined the need to benefit from his country’s advanced experience in the fields of energy and innovation by establishing an innovation center in Jordan, which will contribute to increasing the Kingdom’s exports, expressing his hope that next year will witness more German investments in the country, especially since Germany is the second supporter to Amman after the United States.
For his part, the Jordanian ambassador to Germany, Bashir Khasawneh, lauded as “deep- rooted” the bilateral relations in various fields, appreciating Germany’s support provided to the Kingdom, especially in light of the Covid-19 pandemic.

In turn, Director General of the Amman Chamber of Industry (ACI), Nael Husami, said about 20% of Jordan’s imports come from the European Union markets, but Jordanian exports are much less, despite the agreement signed between the two sides.
Husami called for an increase in bilateral investments, especially in the fields of industry, advanced technology, food and plastic industries, packaging and chemical industries.
Also speaking during the event was President of the Jordan Investment Commission (JIC), Khaled Wazzani, who said the commission has worked in partnership with all stakeholders in the public and private sectors to prepare a dossier detailing the most promising investment opportunities in Jordan, which amounted to 75, in various economic sectors.
The JIC is fully prepared to extend various forms of support for German companies wishing to invest in Jordan, Wazani pointed out.
More than 50 Jordanian and German companies from various sectors participated in the forum.

Scroll to Top