Jordan Hosts Singaporean Business Delegation to Boost Economic Partnerships

Amman: The Ministry of Investment organized a significant meeting between Singaporean business people specializing in infrastructure, water, energy, engineering consulting, integrated design, project management, and construction, and representatives of relevant government agencies and specialized companies from the Jordanian private sector. The meeting, according to a statement by the ministry on Sunday, follows up on meetings held by His Royal Highness Crown Prince Al Hussein bin Abdullah II in Singapore earlier this year. Investment Minister Kholoud Saqqaf highlighted the strong political and economic relations between Jordan and Singapore, expressing her appreciation for the delegation's visit aimed at strengthening economic partnerships between the two countries. She underscored that under royal directives, Jordan has implemented economic reforms to enhance the business climate, consistent with the Economic Modernization Vision 2033. These reforms include amending investment-related laws and legislatio n, alongside macroeconomic, monetary, and financial policies to sustain the development of the Jordanian economy. Saqqaf emphasized the importance of leveraging free trade agreements and investments signed with Arab and foreign countries to open new export markets. She provided an overview of Jordan's investment atmosphere, detailing the incentives and benefits outlined in the Investment Environment Law and its regulations, which support new projects and the expansion and development of existing ones. These measures aim to boost the competitiveness of the economy and encourage investment in the Kingdom. Saqqaf expressed her hopes for increased Singaporean investments in Jordan, strengthened cooperation between Jordanian and Singaporean economic and investment institutions, and enhanced exchanges of visits between business people and private sector representatives. The Singaporean delegation, for its part, stressed the robust relations between the two countries and their commitment to enhancing cooperation with Jordan, aspiring to elevate relations to a higher level that serves mutual interests, particularly in economic and investment sectors. It is noteworthy that the Ministry of Investment, as part of its follow-up on the Crown Prince's meetings in Singapore, has maintained virtual communications with the investors met during the visit. The ministry also hosted a Singaporean delegation specializing in energy last April, showcasing investment opportunities in the energy sector and the key advantages and incentives provided by the law, and arranged bilateral meetings with relevant government agencies and specialized companies from the Jordanian private sector. Source: Jordan News Agency