Jordan Investment Ministry receives Singaporean business delegation

The Jordanian Ministry of Investment on Sunday hosted a meeting between Singaporean business leaders and representatives from Jordan’s government and private sector.

The meeting followed Crown Prince Hussein bin Abdullah’s visit to Singapore in January, Jordan News Agency reported.

The Singaporean delegation included representatives from the infrastructure, water, energy, engineering consulting, integrated design, project management and construction sectors.

Investment Minister Kholoud Saqqaf lauded the political and economic ties between Jordan and Singapore, and expressed gratitude for the delegation’s visit.

Following royal directives, Jordan has undertaken substantial economic reforms to enhance its business climate, aligning with the Economic Modernization Vision 2033, Saqqaf said.

The reforms include amendments to investment-related laws and legislation, alongside macroeconomic, monetary and financial policies.

In the meeting, Saqqaf highlighted the strategic importance of free trade agreements and investment accords with Arab and foreign countries to access new export markets.

She provided an overview of Jordan’s investment landscape, detailing the incentives and benefits included in the Investment Environment Law and its regulations.

The measures support the creation of new projects, enhancing the competitiveness of Jordan’s economy.

The Singaporean delegation highlighted the strong relations between the two countries and Singapore’s commitment to building ties with Jordan.

The Jordanian ministry has maintained communication with the Singaporean investment delegation since the crown prince’s visit in January.

The ministry also hosted a Singaporean delegation specializing in energy last April, presenting investment opportunities in the Jordanian sector.