Amman, February 16 (Petra) – The “Investment, Renewable Energy and Financing towards a Sustainable Digital Future” conference kicked off in Amman on Sunday, organized by the Iraqi Business Council in collaboration with the Jordan and Amman Chambers of Industry, the International Finance Corporation, and the Multilateral Investment Guarantee Agency.
The conference saw participation from the European Bank for Reconstruction and Development, the Iraqi Private Banks Association, the Arab Businessmen Union, Iraqi business councils, local and international economic institutions, and a delegation of Libyan business leaders.
The one-day event focuses on investment, financing, and digital transformation opportunities, highlighting key sectors such as financial services, banking, industry, mining, renewable energy, communications, and information technology.
Minister of State for Economic Affairs Muhannad Shehadeh stated that the conference aligns with His Majesty King Abdullah II’s vision for economic integration and enhanced cooperation between Jordan and Iraq, particularly in investment, trade, and industrial sectors.
Shehadeh emphasized the importance of strategic partnerships to drive sustainable economic development, underscoring the conference’s role as a platform for dialogue among government entities, the private sector, and international organizations. He highlighted the significance of projects like the economic zone, industrial city, and the electrical interconnection project, which is expected to be operational in the second quarter of this year.
Shehadeh also praised Iraqi investors’ contributions to Jordan’s economic growth, noting that their investments underscore the secure and investment-friendly environment Jordan offers. He stressed the importance of cooperation and strategic initiatives, including tripartite collaboration between Jordan, Iraq, and Egypt, to strengthen economic ties.
Chairman of the Iraqi Business Council in Jordan, Majid Saadi, highlighted the conference’s objective to foster investment diversification and complementary economic relations amid regional challenges. He expressed optimism about reconstruction projects in Iraq, which present significant opportunities for Jordanian and Iraqi investors.
Chairman of the Jordan Chamber of Industry, Fathi Jaghbir, emphasized the need to leverage digital transformation and innovative investment mechanisms to enhance economic cooperation. He called for a strategic roadmap to strengthen the partnership between Jordan and Iraq.
Iraqi Ambassador to Jordan, Omar Barzanji, underscored the importance of strategic partnerships between the private sectors of both countries to drive economic growth. He highlighted Iraq’s economic plan for 2024-2028, aiming to increase the growth rate by over 4 percent, enhance local and foreign investments, and reduce poverty rates to 5 percent.
//Petra// AJ
16/02/2025 13:48:43
