The professional equilibrium between both countries over the past 10 years has surpassed QAR 11.5 billion, according to the Qatar Preparation and also Data Authority.
Jordan has obtained financial investments from Qatar worth an approximated $2 billion, according to Jordanian financial investment minister Kholoud Al-Saqqaf.
Saqqaf kept in mind that the majority of Qatar’s investments remain in the markets of energy, property, stock market, banking, as well as tourism solutions, in comments made throughout a conference with Qatari ambassador to Jordan, Sheikh Saud container Nasser Al Thani, according to records.
Sheikh Saud expressed Qatar’s wish to motivate bilateral investment in numerous sectors. He additionally stated his nation is committed to increasing financial investment development, which has a positive influence on the economic situations of both nations.
The advancement comes amidst a background of a 28% boost in trade volume between the two countries in 2022 in contrast to the year prior to.
Around 800 million riyals were traded in profession between Jordan and also Qatar in 2022, up from 624 million in 2021.
Qatar-Jordan 2022 trade boosted by World Cup
These numbers show that the reciprocal trade between both countries differs by about 176 million riyals, or 28.2 million riyals, in 2022 contrasted to 2021.
The considerable rise in trade between Jordan as well as Qatar over the previous year was associated by investors as well as importers in Qatar to a much faster rate of imports right into Qatar from Jordan, specifically throughout the Globe Mug duration.
The tournament saw boosted demand for goods as well as items, specifically food items, said Qatari investors and importers in a statement to the Jordan Information Agency, Petra.
Hamad Al-Suwaidi, one of Qatar’s major importers, claimed the 2022 Globe Mug alone significantly enhanced consumption rates.
Qatar relies on Jordanian imports of commodities and also foods especially vegetables and also fruits, as well as various other consumer goods, claimed Qatari business guy Fawaz Al-Fardan to Petra.
Fresh as well as refined food and also products, in addition to fruits, veggies, meat, all selections of days, cheese, fresh milk, rice, juices, nuts, oils, coffee, and also much more are all exported from Jordan to Qatar.
On the other hand, Qatari products exported to Jordan’s market consist of plastic bags, electric motor oils, slovenic acid, lutriene, aluminium moulds, paraffin, polyethylene, iron rods, chemical fertilisers of various kinds and uses, and also pharmaceuticals.
Separately, greater than 100 Jordanian companies taken part in a selection of economic sectors obtained licences from the Qatar Financial Center (QFC) earlier this month.
Most of Jordanian companies with QFC licences are involved in the digital and also monetary modern technology sectors such as financial, financing, fund monitoring, savings and also financial investment, information technology, friendliness, civil services, profession, as well as imports and also exports.
Last Updated: 23 January 2023