His Majesty King Abdullah II affirmed his full support to the private sector in the Arab world to enable it exercise its role effectively towards building the state of law and institutions noting the tremendous challenges facing this sector in its drive to promote the process of development and progress.

King Abdullah made his remarks during a meeting at the Royal Court on Tuesday with members of the Board of the Arab Businessmen Federation and heads of Arab delegates taking part in the 8th congress of the Arab business community.

"The private sector is a strategic partner in realizing comprehensive development in political, social and economic spheres," King Abdullah said. It is the responsibility of the governments to provide the appropriate environment for this sector to enhance its contribution to economic development, the King added.

During the meeting, which was attended by Royal Court Minister Samir Rifai and the King's Advisor Aqel Beltaji, King Abdullah said the programs and projects implemented by the private sector should offer the opportunity for the young people to use their potentials to chart their future and participate in the development process.

The private sector can play a significant role in promoting inter-Arab trade whose volume is still moderate noting that most projects carried out recently in Jordan were initiated by the private sector.

Members of the delegation paid tribute to the favorable investment climate in Jordan made available by the modern and updated laws and legislation.