President of the Jordanian Businessmen Association (JBA) Hamdi Tabbaa, and Chargé d’Affairs at Malaysian Embassy in Amman, Wan Faizatul Afzan Ismayatim, on Wednesday agreed to develop an action plan for the next year to build strategic partnerships in investment fields to serve common interests.
During the meeting, which was held at JBA’s headquarters, the two sides discussed mechanisms for developing the two countries’ economic relations, stressing the necessity of holding meetings aimed to identifying priority economic sectors and key investment opportunities available and increasing networking between the two countries’ businesspeople.
According to a JBA statement, Tabbaa pointed to the importance of strengthening and activating economic relations between the two countries towards “broader” horizons of investment partnerships in various fields of common interest.
Jordan and Malaysia share ” strong, historic” relations that are constantly developing, which requires efforts to strengthen them, he noted.
He also drew attention to Jordan’s value-added economic sectors, which the Malaysian side can invest in and benefit from investor incentives, especially in the pharmaceutical and food industries, information technology and food security.
Tabbaa said JBA is viewed as Jordan’s investment arm since its establishment by launching joint business councils and signing memoranda of cooperation and understanding with many Arab and foreign business sector institutions.
In addition, he called on the Malaysian private sector to get acquainted with Jordan’s investment opportunities in various sectors.
For his part, Malaysian diplomat stressed the importance of strengthening and developing joint cooperation with many investment opportunities available to both sides and various areas to enter the two countries’s markets, noting that Malaysian market is “diverse, wide and prosperous.”
The two countries’ trade exchanges during the past year amounted to about $283 million, of which $59 million were exports to Jordan, concentrated in the chemical and mineral industries and plant products, the statement said