Latest news with #JordanianCompanies
Zawya
27-05-2025
- Business
- Zawya
42 Jordanian companies participate in Damascus economic forum
AMMAN — President of the Jordan and Amman Chambers of Industry Fathi Jaghbir has highlighted the importance of bolstering economic cooperation between Jordan and Syria in a way that serves the shared interests of both neighbouring countries. Speaking at the Jordanian-Syrian Economic Forum and Exhibition, which commenced on Monday in Damascus, Jaghbir noted that 42 Jordanian companies are participating in the accompanying exhibition. These companies represent key sectors vital to Syria's reconstruction efforts, including infrastructure, construction materials, energy, and engineering industries; sectors where Jordan has strong competitive capabilities, according to the Jordan News Agency, Petra. Jaghbir highlighted the significance of Jordanian participation in opening new opportunities for Jordanian products in the Syrian market and stressed the importance of strengthening bilateral economic ties. He also called for building on the historic relationship and mutual interests between the two countries to foster a more conducive environment for expanded economic cooperation. Jaghbir also urged easing restrictions on the movement of goods and financial transfers, saying such measures would facilitate trade flows and improve the investment climate in Syria. © Copyright The Jordan Times. All rights reserved. Provided by SyndiGate Media Inc. ( JT
Zawya
19-05-2025
- Business
- Zawya
Jordanian industries eye Syrian market with strong presence at Damascus Construction Expo
AMMAN — Jordan is stepping up its industrial engagement with Syria, with 25 Jordanian companies set to participate in the International Construction Exhibition in Damascus, scheduled for May 27–31. According to Fathi Jaghbir, president of the Jordan and Amman Chambers of Industry, the participating firms operate in key sectors vital to Syria's reconstruction, including infrastructure, building materials, energy, and engineering. Jordan's comparative advantages in these industries position its industrial sector as a potential driver in regional rebuilding efforts, he said. Jaghbir stressed that reviving economic relations with Syria is in the mutual interest of both nations, building on deep-rooted historical and cultural ties. He added that lifting sanctions on the movement of goods and financial transactions would significantly enhance trade and improve the investment climate along the shared border. He pointed out that Jordanian exports to Syria exceeded JD13 million in the first two months of 2025, a 40 per cent increase compared with the same period last year, expressing optimism that trade levels could return to their 2011 peak of over JD181 million. Jordan's geographic location gives it a strategic edge as a regional logistics hub for distributing goods to Syria, Lebanon, and Turkey, boosting the Kingdom's role as a trade gateway and supporting the revival of cross-border commerce through Syrian territory, Jaghbir added. As part of the exhibition, a Jordanian industrial delegation would hold meetings with Syrian ministries and trade authorities to explore opportunities for joint ventures, integrated manufacturing, and broader industrial cooperation. 'This is the first official commercial and service sector visit under the JCC, and it represents the largest private-sector delegation to Syria in over a decade,' said Jordan Chamber of Commerce (JCC) President Khalil Hajj Tawfiq. According to Hajj Tawfiq, discussions will focus on establishing a joint Jordanian-Syrian Business Council and organising a bilateral business forum in Amman aimed at fostering deeper economic integration. US President Donald Trump, speaking from Riyadh on Tuesday, announced the lifting of long-standing Assad-era sanctions on Syria. Calling the sanctions 'brutal and crippling,' Trump said it was now Syria's 'time to shine,' and that easing restrictions would 'give them a chance at greatness.'
