Volume of GCC-Jordanian investments estimated at about $62 billion in 2023

Dead Sea: The sessions and discussions of the first GCC-Jordanian Investment Conference, held on Wednesday at the Dead Sea in Jordan.

The event focused on the importance of enhancing opportunities for investment partnership and economic integration between GCC states and Jordan.

The meeting laid emphasis on areas of information and communications technology and high-value industries and services. It also reviewed success stories and promising investment opportunities on both sides.

Faisal Abdullah Al Rawas, Chairman of Oman Chamber of Commerce and Industry (OCCI), Chairman of the GCC Federation of Chambers, said in a speech that the conference reflects the two sides’ keenness on maintaining steady growth in economic relations, notably after the signing of economic partnership agreements to liberalise the exchange of trade in goods and services.

Al Rawas pointed out that the volume of GCC-Jordanian investments was estimated at about $62 billion in 2023. The investments covered the sectors of tourism, food security, education, health, industry and converting industries, he said.

Al Rawas added that commercial exchange is estimated at about $9.7 billion, with the most important GCC exports figuring in petroleum and mineral products.

He explained that Jordanian exports focus on pharmaceutical and food products.