JORDAN-EU ASSOCIATION COMMITTEE DECISION ON SIMPLIFAING THE RoO

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Jordan has made an inventive proposal to the International community which was officially presented in London Conference on the 4th,Feb; The Jordan Compact which is a new holistic approach between Jordan and the International Community to deal with the Syrian Refugee Crisis.

Under this Compact, Jordan offered to create new hopes and jobs for Syrians and Jordanians alike; to issue work permits to Syrians willing to work in Jordan , and to also allow them establish their own businesses in Jordan.

To implement this proposal, Jordan requested the EU to facilitate trade related issues especially the stringent rules of origin issues to enable products by Syrian refugees in Jordan to find new markets.

In response, the EU offered a 10 year period of facilitation of Rules of Origin (RoO), and a decision has been adopted by Jordan-EU Association Committee on the 19th of July 2016 to simplify the RoO.

In light of this, Jordan aims at attracting more investment from Europe and other regions as well. At the same time, the Government is working on attracting businesses to invest in with a view to supporting refugees' livelihoods through direct employment, which would give them the opportunity to live dignified lives and to maintain their skills up-to-date.

Learn more on the Jordan compact here

Saudi Arabia and Regional issues: challenges and perspectives

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Visite Minsistre Affaires Etrangeres Arabie Saoudite web

"Our Objective is to build bridges with the world"
H.E.M. Adel AL-JUBEIR

The Arab-Belgian-Luxembourg Chamber of Commerce was proud to take part to the Conference with His Excellency Mr. Adel AL-JUBEIR, Minister of Foreign Affairs of the Kingdom of Saudi Arabia, organized by the Embassy of the Kingdom of Saudi Arabia in collaboration with Egmont Institute on Tuesday, 19 July 2016.

Business Handbook 2016

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The Arab-Belgian-Luxembourg Chamber of Commerce is proud to announce the publication, both in hard and soft copies, of its new Business Handbook, which is a first-class guide to Arab-Belgian-Luxembourg official institutions, professional organizations, and to the ABLCC growing network of companies along with their contact details.

This Business Handbook also provides valuable economic information on Belgium and Luxembourg in the Arabic language.

Last but not least it is meant to reach a target audience of more than 10,000 people, be they trade officials or stakeholders, in Belgium, Luxembourg, and 22 Arab countries.

You should always have this useful tool at hand !  Please contact us at This email address is being protected from spambots. You need JavaScript enabled to view it. to get your hard-copy.

To consult the online version, click here

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Kuwait Investment Forum

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Kuwait Investment Forum Qaisar Hijazin
Fltr: Mr. Qaisar Hijazin, H.E. Mr. Anas Al-Saleh, Sheikh Dr. Meshaal Jaber Al-Ahmad Al-Sabah

The Arab-Belgian-Luxembourg Chamber of Commerce took part to the Kuwait Investment Forum organized by the Kuwait Direct Investment Promotion Authority on the 8th and 9th of March 2016 at Arraya Ballroom at the Marriot Courtyard Hotel in Kuwait.

Exclusive Interview with Jordan Minister of Plan, H.E.M. Imad Fakhoury

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Lunch with Jordan Minister
Frtl. : H.E. Dr. Yousef Bataineh, Ambassador of Jordan to Belgium and Luxembourg, H.E. Mrs. Cécile Jodogne, State Secretary for Foreign Trade, H.E.M. Imad FAKHOURY, Minister of Planning and International Cooperation of the Hashemite Kingdom of Jordan, Mr. Qaisar Hijazin, Secretary General of the ABLCC

Jordan has succeeded in turning challenges into opportunities

Prior to the Multisectoral Economic Mission to Jordan and Lebanon, scheduled in October 2015, and on the occasion of the visit of H.E.M. Imad FAKHOURY, Minister of Planning and International Cooperation of the Hashemite Kingdom of Jordan, the Arab-Belgian-Luxembourg Chamber of Commerce seized the opportunity to conduct an exclusive interview with H.E. Fakhoury to get a clear picture about the changing business environment in the country.

Your Excellency, in May 2015, the Government has launched a new ten-year socio-economic blueprint for the country “Jordan 2025: A National Vision and Strategy”. Could you elaborate on this?

Jordan 2025 was prepared through a comprehensive national consultative process seeking to achieve a prosperous, resilient, and inclusive economy driven by innovation, public private partnerships. Jordan 2025 includes over 400 policy measures to be implemented by different actors to support sustainable economic development over the coming decade.

As per the new vision, Jordan seeks by the year 2025 to increase GDP growth rate from 3.1 percent to7.5 percent in 2025, outstanding public debt to about 60 percent, reduce poverty rate from a current 14 percent to 8 percent, and decrease unemployment rate from 12.2 percent to about 9 percent, while increasing women’s participation in the labor market from 15 percent to 24 percent.

Additionally, Jordan 2025 focuses on a number of existing, emerging, and high potential clusters for growth, including: construction and engineering, transport and logistics, tourism and events, healthcare services, life sciences, digital and business services, education, high value added agriculture, and financial services.

The strategic location of Jordan makes it an easily accessible hub for businesses and a perfect gateway to regional and world trade and businesses. Could you give us an insight of the advantages that Jordan has on offer for foreign investors?

Jordan serves global companies as a manufacturing base and outsourcing center, an assembly and logistical gateway, a back office and consulting hub for firms wanting to access the MENA region and especially the GCC region, while its free zones, development areas, and business parks offer investors unique incentives and services to encourage business growth.

Companies benefit from direct access to regional and major international markets with a consumer base of over one billion people worldwide through multiple Foreign Trade Associations (diversifying exports and partners).

What is more, foreign investments enjoy incentives and benefits offered by the new Investment Law (of 2014), including exemption from custom duties, general sales tax and in some cases reduction on income tax.

There are no restrictions on foreign ownership except in a limited number of economic activities where a Jordanian partner is required. Besides, investments in development zones and free zones can be wholly owned by foreign investors.

Foreign investors enjoy privileges and guarantees, including national treatment, free movement of capital, protection against expropriation and options to resort to alternative dispute settlement mechanisms.

Last but not least, foreign investments enjoy facilitated registration and licensing services provided by the Investment Window (established recently at the Jordan Investment Commission as per the new Investment Law), in addition to support in obtaining visas and residency permits for investors, their families and employees as well as other services.

Jordan is a regional leader in renewable energy, ICT/outsourcing, healthcare, and pharmaceutical sector. To conclude, could you identify the various key sectors for Jordan’s future economic success?

Could you expand on this? The country has identified and recently launched nearly US$20 billion in new investment opportunities in the sectors of energy, transport, water, infrastructure, urban development, tourism and ICT to be delivered to a larger extent through public private partnerships.

Energy: US$9 billion in investment opportunities in wind, solar, oil shale and gas pipeline with the aim of enhancing energy security, diversifying supply, developing infrastructure, and becoming a regional leader in renewable energy (wind and energy) in the region.

Transport: U$2.54 billion in investment opportunities to upgrade transport services and improve mobility of people and goods in Jordan and the region, including railway, airports expansion and construction of new airports, and BRT.

Urban Development: US$2.7 billion in investment opportunities to enable Jordan to modernize its cities and achieve sustainable economic growth. The country is looking into redesigning cities on multiple fronts and in several dimensions, including: improving urban resilience and modernity; fuelling innovation and promoting wellbeing; and creating more liveable, inclusive and sustainable cities.

Water: U$1.2 billion in investment opportunities to strengthen Jordan’s water security, and boost internal water resources and network efficiency, including for example: Red Sea Dead Sea project, reuse of treated wastewater, and renewable energy for water pumping.

Infrastructure: US$1.1 billion in investment opportunities to upgrade Jordan’s infrastructure and enable the country to meet its development goals, including: municipal solid waste-to-energy facility, BRT (operations, information and ticketing system), development of middle port, automated parking, Aqaba new port phase II expansion, and customs yard for containers.

Tourism: US$800 million in investment opportunities to attract additional tourists and ensure that tourism remains a major driver of economic growth and job creation including hotels in Amman and Dead Sea area, and tourism faculties.

ICT: US$175 million in investment opportunities to stimulate the sector’s growth and maintain Jordan as a regional leader in the ICT field.

Interview conducted by: Mrs. Sonia Devergnies, 10 June 2015

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