|* Forum on ASEZA opportunities|
*Jordan hosted on Tuesday the deliberation of the 1st Arab Gulf forum and exhibition organized by Lawrence for Organizing Conferences and Exhibitions in cooperation with Jordan Investment Board (JIB), Aqaba Special Economic Zone Authority (ASEZA), and Aqaba Development Corporation. Businessmen from the Arab Gulf area, Iraq, Palestine and Jordan are taking part in the 3-day forum, which was inaugurated by Minster of Trade and Industry Sharif Zu’bi, deputizing for Prime Minister Marouf Bakhit. At the opening session, Zu’bi said the policy Jordan adopted opened global markets for its exports through bilateral agreements. “Jordan’s economy has achieved 7.2 percent growth last year,” Zu’bi noted, adding that Jordan’s reserves of hard currencies reached $5.5 billion while exports rose by 11 percent. Zu’bi called on Arab investors to benefit from investment opportunities that are available in Jordan, particularly privatization projects, infrastructure and tourism. “ASEZA is seeking to attract investments worth $6 billion and to create 70,000 job opportunities by the year 2020,” ASEZA commissioner Nadir Dahabi said.
* Rebuilding Iraq Exhibition in Amman
*More than 1025 companies representing 48 countries are taking part in the 3rd International exhibition on rebuilding Iraq. The exhibition, which was opened on Monday in Amman by Minister of Trade and Industry Sharif Zu’bi, is expected to attract more than 5,000 Jordanian, Arab and foreign visitors. Zu’bi, accompanied by Iraqi ministers, ambassadors, and businessmen toured the exhibition, which will end today May 11. “Jordan, which has distinguished geographical location and historical ties with Iraq can have a vital role in rebuilding the country and achieving development there,” the minister said, adding that Jordan’s exports to Iraq reached JD700 million last year.
* A $10m Arab press firm to be established
*The Investment Development Committee at the Arab Economic Unity Council has decided to establish a $10 million Arab press company, Committee Chairperson Reem Badran said. Shareholders from Jordan and Egypt are ready to participate in the company, which will establish its main office in Amman, Badran declared.