September 20, 2024

EU-Jordan Business Forum Launches to Strengthen Economic Cooperation


The inaugural EU-Jordan Business Forum, organized by the EU delegation to Jordan and the Ministry of Investment, commenced on Tuesday, aiming to enhance economic cooperation, promote investment opportunities, and strengthen trade relations between the European Union and Jordan.

Deputy Prime Minister for Economic Affairs and Minister of State for Public Sector Modernization Nasser Shraideh, representing His Highness Crown Prince Hussein bin Abdullah II, inaugurated the one-day forum.

The event convened Jordanian and European business leaders and entrepreneurs from sectors such as green energy, digital economy, and industry.

Key attendees included Vice President of the European Investment Bank Gelsomina Vigliotti, government officials, investors, representatives from public and private banks, and industry experts.

The forum centered on investment opportunities for European companies in the Jordanian and regional markets, success stories of European and Jordanian companies operating in Jordan, and sustainabl
e initiatives in green industries, the digital economy, and trade.

Minister of Investment Kholoud Saqqaf underscored the forum’s importance, emphasizing Jordan’s dedication to creating a business-friendly environment that attracts foreign investment.

Saqqaf highlighted Jordan’s economic resilience in the face of external shocks, geopolitical uncertainties, and regional challenges.

She noted that the country has achieved positive economic indicators, including satisfactory growth rates, low inflation relative to regional and global levels, and robust foreign currency reserves.

She pointed out that despite many countries experiencing credit rating downgrades, Moody’s recently upgraded Jordan’s long-term sovereign credit rating for the first time in 21 years.

This upgrade reflects the effective management of the Kingdom’s financial and monetary policies.

Additionally, Saqqaf highlighted the successful completion of the IMF’s seventh review mission for 2023, emphasizing the government’s commitment to mainta
ining stable economic, financial, and monetary policies.

Source: Jordan News Agency