His Majesty King Abdullah applauded on Thursday an initiative to establish an alliance of Arab investors in Jordan.



The initiative, proposed by Bonyan International Investment Group Chairman Abdullah Atattra, envisages an association operating as a link between actual and potential investors and encouraging them to invest in the Kingdom.



“Jordan keeps its doors open for investors and supports them,” the King told a delegation of Arab investors at a meeting, stressing that investors' operations and procedures will be handled with complete transparency.



Referring to the terrorist attacks in Amman earlier this month, the investors voiced determination to go ahead with their projects in the Kingdom, which they described as an investment haven.



They highlighted the security and political stability in the country as well as economic freedom and legislation conducive to investment.



Mohammed Saleh, chairman of the Dubai-based Real Estate TV Channel and also vice chairman of Bonyan, announced that the channel will offer Jordan a twelve-month free promotion plan to highlight investment opportunities available in the Kingdom.



According to Saleh, the promotion plan reflects the channel's confidence in the country's stability.



Noting that the Ministry of Labour is keen on training and qualifying Jordanians to work at investment projects, Labour Minister Bassem Salem asked the investors to provide the ministry with lists of their needs to cater for them.



JD Capital Chief Executive Officer Samir Rifai highlighted the importance of the meeting describing it as an additional proof of the Kingdom's special interest in investors, noting the advantages and the incentives provided to them.



Riyadh Investment Group Chairman Hatem Khawam thanked the King for the facilities provided to the Iraqis.



Highlighting the importance of small- and medium- scale projects which represent 98 per cent of the Kingdom's projects, Industry and Trade Minister Sharif Zu'bi stressed the government's support for these ventures, which represent a vehicle to provide employment opportunities and propel the economic drive.



Businessman Ra'aouf Abu Zaki spoke of the 2nd Economic Forum to be held in Amman next week noting that it will bring together some 800 businessmen from 20 Arab countries to promote Jordan's investment environment.



EDD Director Mohammad Rawashdeh briefed the investors on mega investment opportunities available in the Kingdom, such as the privatisation schemes, the Aqaba Port Conveyance Project besides the expansion of the Queen Alia International Airport and the Jordan Petroleum Refinery Company.

The Jordan Times