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islamic arab international bank

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Jordan Islamic Bank

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Jordan Industrial Estate Company

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The Islamic Insurance Co.

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Jordan Carbonate Co.

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Jordan Hospital

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Jordan Kuwait Bank

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Arab Bank

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Sadeen Group

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JBA, Omani envoy discuss joint investment prospects

The Board of Directors of the Jordanian Businessmen Association (JBA) discussed with the Omani ambassador to Jordan, Hilal bin Marhoon Al Maamari, the possibility of attracting Omani investments.

According to a JBA press statement put out on Sunday, its chairman, Hamdi Taba'a, stressed the need to boost the volume of joint economic cooperation, increase trade rates, encourage the establishment of investment projects, intensify contacts among companies, business owners and economic activities, and exchange information to identify the cooperation capabilities available to achieve a better level of bilateral economic relations.

Taba'a pointed to the joint memorandum of understanding (MoU) signed between the JBA and the Oman Chamber of Commerce and Industry in 2015, with the aim of developing fields of joint action, expanding horizons of joint commercial ties and facilitating communication between the two countries' business communities.

Taba'a called on the Omani business community to check firsthand and learn about Jordan's development projects and investment opportunities available in economic sectors of common interest.

In turn, the envoy said the two countries share "deep-rooted" relations based on "solid, strategic" commonalities in various fields, boosted by bilateral agreements covering the economic, educational and health aspects.

To help achieve better trade cooperation, the envoy indicated that the Omani embassy is ready to "fully cooperate" to strengthen relations between the two countries' business communities and to facilitate their meetings in a way that serves common economic interests.

The envoy called on business owners to get acquainted with cooperation areas, in relation to medical services, pharmaceutical industries, research and development, the tourism sector, infrastructure and logistics.

Noting the possibility of cooperation through a marine tourist route linking Aqaba to the Sultanate, whether for tourism or commercial purposes, he stressed that the establishment of training, and research centers is an "important" investment opportunity between the two countries.

Al Maamari stressed the importance of cooperation to achieve Arab food security through the exchange of joint experiences in the agricultural sector and fisheries, adding that Jordan could possibly become an important commercial center in the fishery field.
Jordan's exports to Oman during the year 2019 amounted to about $62 million, focused on vegetables, fruits, pharmaceutical products, machinery and mechanical devices, compared to $37 million for imports in plastic, food, and aluminum industries, as well as pharmaceutical products.