On the occasion of the summit held in Makkah, which was called forth by the Custodian of the two Holy Mosques, King Salman Bin Abdul Aziz, along with the Kingdom of Saudi Arabia, United Arab Emirates, Kuwait and Jordan, the President of the Union of Arab Chambers and Chairman of the Jordan’s Chamber of Commerce, Mr. Nael Kabariti assured that the summit will aim at providing support mechanisms to help Jordan emerge from its current economic crisis, in ways that will positively affect the overall economic situation and raise a sense of optimism for the national economy.
Al-Kabariti stated that once the invitation of the Custodian of the two Holy Mosques to hold the quadripartite meeting was announced, there was an economic relief in Jordan, especially within the private sector. This shows the active role of the Kingdom of Saudi Arabia in taking concrete steps towards facing the economic crisis, switching from its position of follower to activist. This step also translates the keenness of King Salman to achieve security and stability not only for the Jordanian economy, but also for the Arab region as a whole.
Mr. Kabariti added that the meeting provided optimism and reassurance, assuring that the Jordanian economy will be able to overcome its crisis in the near future thanks to the support of its brothers, the Arab countries. This message shows that optimism usually helps to reflect positively on the economy of any country. He stated: "The meeting gives hope to the Jordanian Economy and to Jordanians and foreign investors”, while expecting the summit to come out with resolutions that contribute in supporting the Jordanian Economy directly and indirectly.
He added: "The invitation shows the strong historical ties between Jordan and the rest of the Arab countries, particularly Saudi Arabia and the Custodian of the two Holy Mosques, for which we appreciate the keenness to provide support and help to get the country raise from the economic crisis it is facing.” Also worth mentioning that "the investments of Saudi Arabia, the UAE and Kuwait in Jordan exceed $10 billion, with areas of focus extending from the financial, real estate and industrial sectors, some of which are currently on the ground while other projects have been signed but not implemented yet.”