NUSACC Explores Investment and Business in Jordan With Kawar, Wells & Kabariti

June 9, 2017

WASHINGTON, D.C. (June 6, 2017)-- Her Excellency Ambassador Dina Kawar, along with Honorable Alice Wells, former US Ambassador to Jordan and Senator Nael Raja Al Kabariti, President of the Union of Arab Chamber and Chairman of the Jordan Chamber of Commerce participated in a roundtable discussion titled: “The Way Forward: Reflections on Jordan’s Promising Future” hosted by the National US-Arab Chamber of Commerce (NUSACC) in Washington D.C.   The roundtable discussion which was chaired by David Hamod, President and CEO of NUSACC, centered around US business opportunities in Jordan as well the general investment landscape including challenges, opportunities, and the road ahead.

 

In her opening remarks, Ambassador Kawar presented an overview of Jordan’s current economic climate, cited the geo-political state of the region over the past decade, and highlighted Jordan’s pro-active resilience strategies, which are currently being implemented.   Ambassador Kawar underscored Jordan’s unique success story in a region plagued with conflict and hardship.  “Despite the sharp increase in population figures and its subsequent impact on Jordan’s resources and infrastructure, the Jordanian economy has maintained steady growth with measures put in place to further entice foreign and direct investment,” Kawar stressed.

 

The Honorable Ambassador Alice Wells highlighted the longstanding friendship and partnership between Jordan and the US, noting the considerable increase in trade between the two countries since the signing of the Jordan-US Free Trade Agreement, which was implemented in 2001.   “Trade between Jordan and the U.S. has grown exponentially from 2001 to 2016, surging by more than 800 percent.  In addition, Ambassador Wells listed all the benefits and advantages of investing in Jordan, pointing to the successful venture of over 18 US companies in Jordan during her tenure.  “When a country like Jordan succeeds,” she added, “the Middle East wins, and we win.”

 

For his part, Senator Nael Raja Al Kabariti displayed the key areas of investment in Jordan, and the many benefits to foreign investors offered by the Jordanian Investment Promotion Law, as well as the multitude of duty-free industrial and business zones.  Al Kabariti said that the Jordan Chamber of Commerce and the Union of Arab Chambers will be convening back-to-back conferences focused on Africa and the Gulf Cooperation Council (GCC) nations, which NUSACC hopes to lead a significant US business delegation to in partnership with Ambassador Kawar and Embassy of Jordan.

 

Representatives of the US business community were in attendance at this event. They hailed from a variety of sectors, which included companies such as Albright Stonebridge Group, Arab America, General Atomics, Black and Veach, Citibank, Coca Cola Company, International Insurance Exchange Inc. Lockheed Martin, Louis Berger, Motorola, NTELX International, Price Waterhouse Coopers, Raytheon, Scepter, Inc., Signal Group, Stratas Advisors, Technology and Innovation Society of America, The Shagik Gabr Foundation, and TIGroup.

 

The National U.S.-Arab Chamber of Commerce (NUSACC), established nearly 50 years ago, is America’s longest serving organization dedicated to U.S.-Arab business. NUSACC maintains connections with over 25,000 companies interested in trade between the Arab World and the United States.