14-Mrs-2012, Kuwait Foreign Investment Bureau (KFIB) participated in the founding meeting of the Investment Promotion Sub-Committee, stemming from the Joint Technical Trade Committee between Kuwait and Jordan, which was held in Amman, Jordan, during the period February 26 – 27, 2012. The Kuwaiti delegation was headed by Sheikh Nimer Fahad Al-Sabah- Assistant Undersecretary for External Trade Affairs, at the Ministry of Commerce & Industry, officials from the Ministry, and representative of Kuwait Chamber of Commerce & Industry were in attendance as well; the Jordanian side was represented by the CEO of Jordan Investment Board (JIB).
The two parties signed the minutes of the meeting in which the tasks of the sub-committee were identified, focusing on efforts to increase bilateral investments, acquaint investors with potential investment opportunities, exchange experiences, and streamline obstacles. It was agreed to hold a regular annual meetings of the sub-committee, alternating between the two countries. The Kuwaiti investments in Jordan surpassed other Arab and Foreign investments in Jordan, reaching around US$ 8 billion, while the bilateral trade doubled from US$ 131.2 million in 2005 to reach US$ 276 million in 2011