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    JIC Chairman lauds Jordanian-Australian economic ties

    April 14, 2021
    finance & economy

    Amman, Apr. 13 (Petra) -- Acting Jordan Investment Commission (JIC) Chairman, Feridoun Hartouqa, lauded Jordanian-Australian deep-rooted ties and said Jordan is keen on boost and enhance them in various fields, especially economic, commercial and investment spheres.

    In a meeting held Tuesday with the Australian Ambassador to Jordan Bernard Lynch and a delegation of Australian businessmen from the Fortescue Metals Group, Hartouqa said Jordan seeks to keep pace with global developments by providing a safe, attractive and competitive investment environment for the investor, as the JIC follows up investment projects in all their stages.

    Hartouqa highlighted investment opportunities and advantages that Jordan enjoys, which turn it into an ideal destination for investors.

    For his part, Ambassador Lynch said that the commodities volume of trade in both directions amounted to $158.7 million in 2016-2017, split into $130.8 million in exports from Australia, and $27.9 million in imports from Jordan.

    In 2005, Australia signed a memorandum of understanding with Jordan on the shipment of live animals to promote trade and ensure compliance with international standards for animal welfare.

    The Fortescue Group is a leading company in the energy sector in Australia and its businessmen's visit to Jordan aims to explore potential investment opportunities in the Kingdom in the renewable energy sector, such as wind and solar energy, to produce green hydrogen mainly for export to the international energy market.

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