Wanted: in­vestors from Jor­dan

Financial Mirror (Cyprus) - - FRONT PAGE -

Pres­i­dent Ni­cos Anas­tasi­ades has ap­pealed to Jor­da­nian in­vestors to boost bi­lat­eral trade and con­sider tak­ing part in the pri­vati­sa­tion process of the ports, elec­tric­ity and tele­coms, while en­cour­ag­ing en­trepreneurs to set up a Cyprus base and take ad­van­tage of the grow­ing en­ergy sec­tor.

Ad­dress­ing an event at the Am­man Cham­ber of Com­merce, where a mem­o­ran­dum of un­der­stand­ing was signed with the Paphos Cham­ber of Com­merce in the pres­ence of busi­ness peo­ple form both coun­tries, Anas­tasi­ades said his ad­min­is­tra­tion’s top pri­or­ity is to at­tract in­vest­ments, “as they con­sti­tute the cat­a­lyst for eco­nomic growth, job cre­ation and pros­per­ity.”

“Cyprus is emerg­ing stronger than ever from an un­prece­dented cri­sis”, hav­ing of­fi­cially ex­ited re­ces­sion and is reg­is­ter­ing growth as of this year, he said.

The Pres­i­dent said there are in­vest­ment op­por­tu­ni­ties in com­merce, tourism, pri­vati­sa­tion of ports, elec­tric­ity and telecom­mu­ni­ca­tions, ship­ping, real es­tate, large-scale devel­op­ment projects, ed­u­ca­tion, health, re­search and in­no­va­tion. The re­cent dis­cov­ery of nat­u­ral gas re­serves in Cyprus’ Ex­clu­sive Eco­nomic Zone and the east­ern Mediter­ranean cre­ates ex­cel­lent in­vest­ment prospects in the en­ergy sec­tor and aux­il­iary ser­vices.

Speak­ing on cur­rent trade lev­els with Jor­dan, the Pres­i­dent noted that “they do not re­flect the full po­ten­tial of our re­la­tion­ship” and ad­dressed the busi­ness­peo­ple to pro­ceed with new busi­ness ini­tia­tives and iden­tify new ar­eas for fu­ture co-op­er­a­tion.

He added that ini­ti­at­ing ne­go­ti­a­tions to con­clude a dou­ble tax­a­tion treaty will sig­nif­i­cantly help to boost eco­nomic, com­merce and in­vest­ment op­por­tu­ni­ties, for the mu­tual ben­e­fit of the busi­ness com­mu­ni­ties and peo­ples of the two coun­tries.

Ear­lier in the day, Anas­tasi­ades re­ceived Am­man’s golden key and an­nounced the open­ing of the Jor­da­nian Em­bassy in Ni­cosia in 2016. Dur­ing the cer­e­mony, the May­ors of Am­man and Paphos, Akel Beltaji and Phe­do­nas Phe­do­nos, also signed a twin­ning agree­ment.

Sub­se­quently, the two may­ors signed the twin­ing agree­ment, in the pres­ence of Pres­i­dent Anas­tasi­ades, For­eign Min­is­ter Ioan­nis Ka­soulides, Gov­ern­ment Spokesman Ni­cos Christodoulides, the Min­is­ter of Wa­ter and Ir­ri­ga­tion of Jor­dan Hazem Al-Naser, Metropoli­tan Venedik­tos of Philadel­phia, mem­bers of the Mu­nic­i­pal Coun­cil of Am­man and Paphos and a del­e­ga­tion from the Paphos Cham­ber of Com­merce and the city’s bar as­so­ci­a­tion.

Mean­while, Pres­i­dent Anas­tasi­ades is ex­pected to con­vey a mes­sage that the EU should sup­port Jor­dan and Le­banon in ad­dress­ing the refugee cri­sis dur­ing the up­com­ing in­for­mal Euro­pean Coun­cil to be held in Malta on Thurs­day.

The Cyprus News Agency re­ported Anas­tasi­ades would pro­pose to that his coun­ter­parts in Val­letta to fi­nan­cially sup­port th­ese coun­tries in or­der to cope with their in­creased needs as it is es­ti­mated that Jor­dan alone has re­ceived 1.2 mln Syr­ian refugees.

Pres­i­dent Anas­tasi­ades will travel to Malta on Thurs­day af­ter his of­fi­cial visit to Am­man while in the evening of the same day he will depart for Is­rael and Pales­tine where he will hold fur­ther con­tacts.

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