Economic event: IBC Deputy Chairman & Secretary General Participates In a Speech on Joint Investment Supportive Environment

IBC Deputy Chairman & Secretary General, Dr. Saad Naji, participated on Sunday August 7th 2022 in a speech on the Joint Investment Supportive Environment in the Innovative Dom Forum for Advancement & Sustainable Development (Fourth Edition), which was held in the Movenpick Hotel – Amman.

Head of Public Relations Department in the Interior Ministry, Major General Saad Maan, also participated in the meeting.

During the meeting, Dr. Saad Naji reviewed the volume of Iraqi investment in Jordan, the momentum of this investment in several vital sectors including tourism, real estate development, all types of industries and the financial and banking sectors.

He also talked about the achievements realized by IBC in serving investors and strengthening economic relations between Iraq and Jordan by promoting a number of key strategic projects between the two countries; the most of important of which the Iraqi – Jordanian Pipeline Project (Basra – Aqaba) and the twinning agreement between Basra and Aqaba Ports and the major role IBC played in strengthening Iraqi investment in Jordan, in addition to its role in promoting investment in Iraq.

During the opening ceremony, the First Deputy Speaker of Jordan Parliament, Mr. Ahmad Al-Safadi, acting on behalf of the Speaker of Parliament, and in the presence of the Iraqi Ambassador to Jordan, Mr. Hayder Al-Athari, and representatives of the investment, economic and industrial sectors, Mr. Al-Safadi stressed the need to expand cooperation frameworks between the investors in Jordan and Iraq and developing partnerships with all sectors. Mr. Al-Safadi also pointed out that the Jordanian Parliament will work on strengthening the supportive environment for the advancement of investment sector based on its legislative role.

He also pointed out a package of economic Bills listed on the agenda of the current emergency session, indicating that since the beginning of the session IBC supported the launch of a national dialogue adopted by the relevant parliamentary committees, believing in the importance of consolidating partnership and effective networking with all competent sectors in such a way as to contribute to the advancement of national economy.

For his part, the Director General of the Innovation Dom and Head of the Forum, Counsellor Rani Al-Omari, pointed out the strong relations existing between Iraq and Jordan, stressed the importance of the Forum in strengthening partnerships and making recommendations to the authorities concerned to facilitate the business of investors in both countries.

Also, the Iraqi Ambassador to Jordan stressed the importance of strengthening mutual investment opportunities, especially that political, security, economic and legislative conditions are now ripe for more partnerships in the investment aspect, whether at the level of public or public sectors.

The Forum also discussed several headlines, especially joint investment between Amman and Baghdad and ways to develop laws and regulations that sponsor investment between the two countries with the participation of government and private agencies concerned with investment in both countries.

The sessions of the first day of the Forum focused on joint investment between Amman and Baghdad and the legal aspects in this framework.

The sessions discussed related topics in the field of investment, pioneering models and distinguished experiences in the foreign investment sector.

The Iraqi Business Council was honored in recognition of its active contribution to the successful International Innovation Dom Forum, and Dr. Saad Naji was honored in appreciation of his active contribution as speaker in the sessions of the Forum.