Economic ties with Oman on continuous growth track: Jordanian businessmen

Amman: Several Jordanian officials and businesspersons expressed their optimism about the upcoming official visit of King Abdullah II Ibn Al Hussein of the Hashemite Kingdom of Jordan to the Sultanate of Oman and his meeting with His Majesty Sultan Haitham bin Tarik.

They said the visit would contribute to forming cooperation in various fields, especially in the private sector. They told Oman News Agency (ONA) that trade and investment relations between the two countries is witnessing remarkable growth.

Yanal Al Barmawi, spokesperson for the Jordanian Ministry of Industry and Trade said that the two countries’ leaderships bolstered the relations between both countries. He underscored the importance of holding the meetings of the Omani-Jordanian Joint Committee to sign new agreements that would augment the economic relations between the two sides.

Al Barmawi pointed out that the value of Jordan’s exports to the Sultanate of Oman amounted till July 2022 to USD 30 million, while total imports from the Sultanate of Oman to Jordan amounted to USD 39 million.

On his turn, Na’el Al Kabariti, Chairman of Jordan Chamber of Commerce, described the trade and economic relations between Oman and Jordan as distinguished and that those relations are based on the interests of the two countries within the framework of joint Arab action.

Al Kabariti stressed the importance of boosting cooperation relations between the two countries, especially in the private sector, through coordination between chambers of commerce to organize visits of economic and commercial delegations from Oman to Jordan.

For his part, Eng. Haitham Al Rawajba, Jordanian businessman, said that the Omani market is an attractive one for foreign investment. He pointed out that investors need a business milieu which encourages success, such as the one in Oman.

Al Rawajba said that Oman enjoys a strategic location, political and economic stability, diversification of income sources, infrastructure, logistics, customs exemptions, international agreements, freedom of capital and ownership ratio, taxes and more, which make it suitable for investment.