Riyadh, Feb. 28, 2022, SPA – The Federation of Saudi Chambers (FSC) in Riyadh today hosted an industrial delegation from the Hashemite Kingdom of Jordan headed by Jordanian Minister of Industry, Trade and Supply Yousef Al-Shamali, in the presence of Saudi Assistant Minister of Commerce Bader Al-Haddab, First Deputy Chairman of FSC Eng. Tareq Al-Haidari, Chairman of the Jordan Chamber of Industry Eng. Fathi Al-Jaghbir and several business people from both countries. Al-Shamali noted that Jordanian industries have started to compete with the industries of developed countries thanks to the government plans and policies of Jordan that focused on developing the industrial sector, enhancing its competitiveness through providing a competitive investment environment and supporting the pillars of the national economy, noting that regulations organizing the economic activity have been provided to effect a qualitative leap aiming to improve the investment attractiveness of Jordan, address any obstacles that might face investors, unify references concerned with investment, and offer incentives for investment projects. For his part, Al-Jaghbir noted that the Kingdom of Saudi Arabia has, over the past decades, been the biggest supporter for the Jordanian economy and the closer to Jordan under various political and economic circumstances, where this support developed from traditional framework to direct finance. He pointed out that Jordanian exports to the Kingdom of Saudi Arabia witnessed an increase of 5% to reach around USD 813 million, while top imports from the Saudi market included mineral fuel and their distillation products, accounting for almost 53% of the total Jordanian imports from the Kingdom of Saudi Arabia, in addition to the plastic and their products, such as ethylene polymers with their raw forms. At the end of the meeting, FSC signed a memorandum of cooperation with the Jordan Chamber of Industry and another memorandum between the Riyadh Chamber of Commerce in Riyadh and the Amman Chamber of Industry, with the aim of enhancing commercial and investment relations and exchanging information on promising opportunities in the two brotherly countries. --SPA 00:13 LOCAL TIME 21:13 GMT 0001 www.spa.gov.sa/w1698925