Jordanian minister receives American delegation in bid to boost foreign investment

Jordan’s Minister of Investment Kholoud Saqqaf on Tuesday welcomed a high-level delegation of executive directors and representatives from prominent American companies, who are visiting Jordan to explore investment opportunities, Jordan News Agency reported.

During the meeting, Saqqaf highlighted Jordan’s extensive network of trade agreements with numerous economic blocs, which have enabled Jordanian exports to reach non-traditional markets and more than 1.5 billion consumers worldwide.

The visit of the US delegation, organized in coordination with the New York-based Business Council for International Understanding, will include meetings with various Jordanian ministries and public and private sector institutions.

The BCIU is a non-partisan organization comprising 200 major US companies, which works to expand international trade, provide essential services to facilitate global growth opportunities, and foster mutually beneficial relationships between business and government leaders worldwide.

Saqqaf emphasized the importance of strengthening economic and investment relations between Jordan and the US, noting that the free trade agreement between the two countries had significantly increased trade volume and encouraged new investments in Jordan.

She outlined key reforms undertaken by Jordan, including the approval of the investment environment law, the initiation of public-private partnership projects, and the launch of an investment promotion strategy targeting various countries, with a particular focus on the American market.

Saqqaf also highlighted improvements in Jordan’s national economy, citing satisfactory economic growth rates, low inflation compared with regional and global levels, and robust foreign currency reserves.

She pointed to Moody’s recent upgrade of Jordan’s credit rating from B1 to BA3, with a stable outlook, as further evidence of Jordan’s attractiveness as an investment destination.

Encouraging the American businesses to invest in Jordan, Saqqaf assured the delegation of the country’s supportive environment for their ventures. She highlighted various investment opportunities available through the Invest in Jordan platform (invest.jo) and reaffirmed Jordan’s openness to business and investment.

Representatives from the BCIU praised Jordan’s stable and secure environment, as well as the reforms aimed at improving the business landscape.

They expressed their commitment to promoting Jordan’s investment environment to their members and other American companies.