Kuwait invests USD 18 bln in Jordan – Chamber

KUWAIT, Kuwait’s investments in Jordan are estimated at over USD 18 billion, said a senior commerce chamber official Monday, voicing willingness to offer all facilities to Jordanian investors.

Speaking while hosting a visiting Jordanian economic team, First Deputy Chairman of the Kuwait Chamber of Commerce and Industry Abdulwahab Al-Wazzan said the chamber spurs Kuwaiti and Jordanian businessmen to run investments in each other’s countries.

He added that the Jordanian delegation had assessed a set of promising investment openings in various realms, giving added value to already existing Kuwaiti investments in Jordan.

Kuwait and Jordan are bound with several agreements bearing on tax exemption, investment promotion, direct investment and whatnots, Al-Wazzan pointed out.

On his part, Jordan Investment Commission Chairman Khled Al-Wazni said Kuwait is a key investor in Jordan in the domains of mining, real estate, banks and energy.

He elaborated that the goal of his visit is to offer available investment opportunities in the Jordanian market, mainly regarding industrial and tourist cities.

Al-Wazni remarked that his country provides foreign investors with many incentives, pointing out a special office for Gulf investments in Jordan in an effort to make it easy for Gulf investors to work in this Arab country.

Source: Kuwait News Agency