BUSINESS: Cypriot and Jordanian firms explore investment opportunities

Cyprus and Jordanian firms gathered for the first time in Nicosia for a two-day business forum to explore investment opportunities in Jordan and to promote collaboration.

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The forum is organized by the Employers and Industrialists Federation (OEB).

Cyprus’ investment potential and its advantages as a business and investment centre were analysed by Invest Cyprus chairman Michalis Michael.

“As a safe, transparent and modern business centre, the island is an ideal base for corporate multinationals as well as an investment gateway to the European Union,” Michael said.

“Most importantly, our country has been successful in showing the world that is a very resilient with a strong backbone, offering reliability, credibility and many opportunities to investors. With a well-balanced portfolio our goal is to continue expanding into new sectors,” he added.

He said there were investment opportunities in the tourism sector, maritime and property sector.

“Hydrocarbon discoveries and the ongoing presence and activity of global energy giants in Cyprus’ exclusive economic zone combined with strong regional cooperation render Cyprus a growing promising energy hub in the Eastern Mediterranean.”

OEB chairman George Petrou in his speech stressed the excellent relations of Cyprus and Jordan and their shared strong business links.

He said entrepreneurs were eager to expand their operations to other countries to collaborate and exchange expertise in areas such as construction, energy, business consulting, financial services, tourism, manufacturing, research and innovation.