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.