Amman, May 14 (Petra) – Chairman of the Jordanian Businessmen Association (JBA), Hamdi Tabbaa, discussed establishment of a Jordanian-Cypriot Business Council to enhance opportunities for joint economic cooperation, during a meeting with Cypriot Ambassador to Jordan, Sevag Avedissian.

In a JBA statement on Wednesday, Tabbaa emphasized the “deep-rooted, strategic” bilateral relations, noting the association’s keenness to enhance economic, trade, and investment cooperation to achieve the “greatest possible” benefits.

Tabbaa said this prospect emerges, given the opportunity to explore various aspects of mutual partnership that would stimulate growth, enhance trade, and provide new investment opportunities.

Tabbaa stated investment projects in the Kingdom enjoy “significant” privileges for investors and cover numerous economic sectors, making them “effective” contributors to achieve goals of the Economic Modernization Vision.

Additionally, he called for intensifying meetings and exchanging promising investment opportunities among the two countries’ businesspeople and the private sector.

To boost economic collaboration, Tabbaa stressed the importance of developing trade exchange mechanisms and mutual regulatory legislation to contribute to increase volume of trade exchange and joint investments.

Meanwhile, Avedissian welcomed establishment of the joint council, which would contribute to strengthening the Jordanian-Cypriot businesspeople’s economic, trade, and investment ties and support the two countries’ private sector cooperation.

The diplomat noted Jordan has “promising” investment opportunities in numerous economic sectors, mainly in the pharmaceutical, food, real estate, contracting, and information technology sectors.
//Petra// AG
14/05/2025 16:28:03