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Monday , December 16 2019

Kuwait’s trade with Jordan hit $264m in ‘18

‘Number of pivotal deals help buoy bilateral investment’

KUWAIT CITY, Dec 2, (KUNA): Kuwait’s bilateral trade with Jordan came to KD 80 million ($264 million) last year, its chamber of commerce said on Monday, amid a visit by a sizable Jordanian trade delegation.

In 2018, total Kuwaiti investments in Amman stood at $18 billion, according to Kuwait Chamber of Commerce and Industry’s Deputy Director General Hamad Al-Omar, who cited a number of pivotal deals that helped buoy bilateral investment.

Kuwaiti exports to the Hashemite Kingdom had grown by 23 percent in the last two years (2016-2018), Al-Omar revealed, putting the current figure at KD 30 million ($98 million). Conversely, Jordan’s exports to Kuwait have also risen, reaching KD 50 million ($166 million), proving that both countries share solid bilateral relations, he added. J

amal Al-Fayez, who heads the Hashemite Fund for the Development of Jordan Badia, told reporters that Amman aims to lure much needed foreign investment, an endeavor likely to succeed given the country’s strategic location.

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