The Saudi-Jordanian Business Council emphasized the importance of embarking on a new phase of cooperation and joint coordination to enhance the economic relations between the two kingdoms and benefit from the vast trade and investment opportunities available in both countries.
اضافة اعلان
During a meeting held yesterday evening in Amman, chaired by the head of the Jordan Chamber of Commerce, Khalil Hajj Toffi, on the Jordanian side, and the head of the Al-Jouf Chamber of Commerce, Dr. Hamdan Al-Samrin, on the Saudi side, members of the council stressed the need to advance the trade and investment relations between the two countries and build upon the achievements made over the past years.
The council discussed several issues concerning the economic relations between Jordan and Saudi Arabia and the role it plays in enhancing them, in addition to addressing challenges facing trade exchanges and proposing solutions and initiatives.
During the meeting, they confirmed the reactivation of sub-committees according to each sector and referred the challenges and solutions to them for study. They also proposed upcoming joint activities, including holding regular meetings for the council and considering the location of meetings, the importance of setting a timeline for exchanging visits of trade and economic delegations, as well as approving the new logo that reflects the depth of the relations between the two countries and strengthens the identity of the council.
The meeting confirmed the necessity of developing a mechanism to follow up on the work between the two countries, benefiting from promising opportunities, conducting feasibility studies for the best projects in the Syrian market, and providing both business communities with these studies. Additionally, they discussed creating networking opportunities between business owners from both sides to establish joint ventures.
A set of solutions and initiatives were proposed to improve trade exchange, such as accelerating customs procedures, simplifying trade transactions, and enhancing cooperation in logistics infrastructure, renewable energy, and food security.
They also proposed the creation of a joint platform within the Saudi-Jordanian Business Council as a strategic step to enhance economic cooperation between the two countries by strengthening trade and investment cooperation and facilitating joint investment opportunities, as well as connecting businessmen to open new markets in various sectors.
The council emphasized that the joint platform should include organizing trade events and exhibitions to bring together companies and business owners from both countries to exchange experiences and showcase business opportunities. It should also establish training programs and workshops to support the development of human capacities in various fields such as technology, innovation, industry, and services.
The council pointed out that the joint platform could include support for joint projects that benefit both countries, whether in traditional sectors like industry or modern sectors like renewable energy and information technology. It also proposed cooperation in formulating investment and trade promotion policies, simplifying customs procedures, and supporting small and medium-sized enterprises by providing financing, guidance, and marketing.
The meeting discussed the challenges facing trade exchange between the two countries and proposed solutions and initiatives. The council will conduct a remote survey to gather information about the challenges faced by each sector, then study it and refer it to the concerned authorities for follow-up.
They also agreed to re-activate the sub-committees of the council, with each committee dedicated to following up on a specific sector, such as services, logistics, food, agriculture, education, and information technology. They emphasized the importance of referring challenges facing these sectors to the relevant committees for study and providing appropriate solutions, with periodic reports to track progress.
Additionally, it was agreed to form a trade delegation from the Jordanian side of the Saudi-Jordanian Business Council in coordination between the Jordan Chamber of Commerce and the Saudi Chambers of Commerce Union to visit the Saudi Chambers Union, discuss common issues, and explore trade opportunities in Saudi Arabia. A task force will also be established to follow up on the council's recommendations.
The meeting also touched on the importance of organizing regular meetings to follow up on progress in joint projects, exchange visits of trade and economic delegations, focus on investment opportunities, develop cooperation between major and small companies, and study organizing a joint Jordanian-Saudi trade exhibition in Jordan.
For his part, Khalil Hajj Toffi confirmed the depth of the brotherly relations between the two countries, praising the efforts made by both wise leaderships to support, develop, and strengthen the relationship in all political and economic fields, and build cooperation based on mutual interests.
Hajj Toffi also praised the members of the Business Council from both sides, who represent a distinguished group of businessmen and investors, working to enhance cooperation between the private sectors in Jordan and Saudi Arabia, promoting trade exchange, and opening new investment opportunities.
He stated that the meeting establishes a new phase for the commercial and investment relations between the two sides, a new starting point for trade and investment relations that draws strength from the commonalities that unite them to maximize investment and trade opportunities.
Hajj Toffi stressed the importance of the council, which aims to activate investment and trade cooperation between the two countries in line with the aspirations of the private sector. He pointed out that the council forms a basis for continuous and effective bilateral economic dialogue between businessmen in both countries.
The council, which was established in 1997, also aims to provide means to stimulate and facilitate trade and investment flows, eliminate obstacles that may face businessmen, encourage the establishment of joint commercial projects, and exchange goods and services through continuous communication, exchanging information, and organizing commercial activities and events.
For his part, Dr. Al-Samrin confirmed that the Saudi private sector and Saudi businessmen seek to strengthen relations with Jordan, especially since these relations have witnessed continuous growth and noticeable communication in recent years.
Dr. Al-Samrin emphasized the importance of establishing real partnerships based on achieving mutual interests between businessmen in the two countries. He pointed out that the large number of businessmen from both countries attending this meeting is a true reflection of the good intentions to build fruitful cooperation and strengthen the ongoing relations.
