Officials from Jordan and Oman discuss enhanced economic ties

Hamdi Tabbaa, head of the Jordanian Businessmen Association, and Yaqoub Ruqaishi, the charge d’affaires at the Omani Embassy in Jordan, met to discuss ways in which bilateral economic relations might be enhanced, the Jordan News Agency reported on Wednesday.

The historical and cultural ties between the two countries help support efforts to strengthen the economic relationship, Tabbaa said, particularly in fields such as joint investments, information technology, tourism and education.

He highlighted as evidence of this recently signed trade and investment agreements to increase trade flow and investment opportunities, and invited Omani businesspeople to visit Jordan and learn more about those opportunities.

Ruqaishi said Oman’s business community is committed to increasing bilateral cooperation in a variety of sectors within a framework of enhanced economic diplomacy.

“Jordan is a key partner for Oman,” he said. “Both countries are working to strengthen economic ties and exchange expertise to achieve sustainable development to serve common interests.”

The embassy stands ready to provide any assistance required to improve the flow of joint investments, Ruqaishi added, and is keen to help expand cooperation in view of Jordan’s “remarkable” achievements in infrastructural fields.

Jordanian exports to Oman reached approximately $51.1 million in 2022, while imports stood at $40.8 million, according to the Jordan News Agency. This represented a positive trade balance of $10.3 million, compared with a negative balance of $4.8 million in 2021.