Jordan wants to invest in Montenegro

#Jordan #CrnaGora #Investicije #PrivrednaKomoraCrneGore

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Companies from The Hashemite Kingdom of Jordan are interested to invest in Montenegro and find business partners among local companies.

Commercial chambers of Montenegro and Jordan, and Jordan-European business association, are organizing on Monday a forum for businessmen. During this forum, business and investment plans of two countries will be presented, and businessmen can have direct bilateral conversations.

Montenegrin delegation made a visit to Jordan in 2013, and it was lead by the President Filip Vujanović. President of Chamber of Commerce of Montenegro Velimir Mijušković and then-president of Chamber of Commerce of Aman Riad Saifi signed an agreement on cooperation that gave an institutional framework for successful development of economic relations of two countries.

President of Chamber of Commerce of Aman Issa Haidar Murad will take part in the forum, along with ambassador Fawwaz Al Eitan, President of Jordan-European business association Jamal M. Fariz, and over 70 businessmen from sectors of energy, food, construction, woodwork, IT from both countries.

Montenegro has a goal of developing luxury tourism, and it has managed to attract interest of investors from UAE, Egypt, Qatar, Azerbaijan and others. Jordan has seen a rise in tourism, and exchange of experience can be valuable for cooperation in this area. Aside from investments, economic relations can be improved through trade, and forming joint companies. Port Bar provides possibilities for making quality connections with Middle and South-Eastern Europe, and it could be interesting as a hub for Jordan’s exports.

Jordan economy is among smaller ones in Middle East. Region devastated by instabilities makes this peaceful country attractive for investors. Its economy grew to 3,1% in 2015, compared to 2,8% in 2014. Agriculture takes up 5% of national gross product, while industry takes 25% and hospitality 70%. The fastest growing area is tourism, especially by river Jordan and Dead Sea. This sector makes 12% of BDP and 15% of job opportunities. Their main exports are phosphates, potassium, food and traditional hand-mades. Their main partners are India, Saudi Arabia, EU, Indonesia and UAE. They import oil, industry equipment, food, livestock, mostly from Iraq, Germany, USA, Japan, UK, Italy and Turkey.

Improving and developing cooperation of Montenegrin commerce with international partners, attracting foreign investments and making Montenegrin companies competitive in the global market are among the main goals of Chamber of Commerce of Montenegro. One of the ways to accomplish these goals is organizing business forums. Since 2010 until today, the Chamber organized on average one event of this type a month, and the results were many signed business contracts.

Source: Cafe Del Montenegro