JCC calls for supporting Amman Stock Exchange to attract investments

Representative of the financial and banking sector at the Jordan Chamber of Commerce (JCC), Firas Sultan, stressed the importance of supporting and stimulating the Amman Stock Exchange (ASE) to enhance economic growth and attract investments. His Majesty King Abdullah II, in the Letter of Designation to PM Dr. Jafar Hassan on the services sector and financial markets, noted "the need to continue working on developing this business to drive economic growth and is built on sound foundations, and is a lever for the private sector and investment funds," Sulatn pointed out In a statement Saturday, Sultan noted ASE is a "fundamental" pillar of economic growth in Jordan, which allows companies to raise the necessary funding to implement their projects and expand their activities, adding that support to this market should be a "top priority." Sulatn stated the ASE needs "clear" strategies that aim to review and develop regulatory legislation, improve the investment environment, simplify procedures, and enhance tra nsparency, which would encourage more local and foreign investors to enter the market. Sultan also stressed that stimulating the ASE would have "positive" effects, including increasing foreign investments, supporting economic growth, and providing job opportunities for Jordanians. Furthermore, he noted the importance of partnership between the Kingdom's public and private sectors in developing the market and exploiting the opportunities provided by global economic changes, stressing that the ASE is the "true" indicator and compass for foreign investors. Sultan stressed the importance of sharing visions to identify challenges and innovate solutions that serve all. Sultan called for organizing workshops to educate investors and the community about the benefits of investing in the ASE, stressing that investing in the market "is not only a means of increasing profits, but also a means of supporting the national economy and achieving sustainable development." Source: Jordan News Agency