Details

Year in Review Lunch with Ambassador Wells
17 December 2015

U.S. Ambassador to Jordan, Ms. Alice G. Wells, congratulated Jordan’s economy for its “record performance” in 2015 and predicted significant growth in the renewable energy sector in 2016 at the Year in Review Lunch hosted by AmCham Jordan on December 16.

Ambassador Wells began her key note address by congratulating Jordan on breaking records in its trade with the US, which reached $3.4 billion in 2014 and is expected to exceed $2.1 billion in 2015. She also noted Jordan has recently seen its imports to the US increase by 9%, which overall Jordanian exports fell more than 7%, which reflects AmCham’s efforts to increase trade to the US.

Ms. Wells said she was thankful to count Jordan as one of the US’ closest partners in the region, in terms of politics, security, and trade, and would continue this relationship going forward. The US Commercial Service has plans for trade missions planned for 2016, which she said would “explore US energy storage technologies, which have the potential to revolutionize Jordan’s energy sector as they represent the cutting edge of global energy solutions.”

Ambassador Wells highlighted AmCham Jordan’s role in stimulating trade between the US and Jordan as well as improving Jordan’s business climate. In particular, she noted AmCham Jordan’s ongoing Sector Focus Group Meetings, which bring together industry leaders to discuss the challenges and opportunities facing their sectors. During the recent Energy Sector Focus Group Meeting, companies discussed barriers to trade and commerce in both the US-Jordan Free Trade Agreement and Jordanian law and noted their dedication to exploring renewable sources of energy. Ambassador Wells noted that renewable energy would be a major opportunity for investment going forward, and that Jordan was in a prime position to be a leader in this field given the infrastructure and technological experience that already exists in Jordan. She highlighted various energy projects already underway in Jordan, and American investment in upcoming projects, such as Sun Edison’s $270m solar plant in Maan.

More than 200 members of Jordan’s private sector attended the event, along with representatives from the US Embassy. Notable attendees from the Jordanian government included Minister of Transportation, Mr. Ayman Hatehet; Minister of Labor, Dr. Nidal Qatamin; Minister of ICT, Mrs. Majd Shweikeh; and the Chairman of the Jordan Anti-Corruption Commission, Mr. Mohammed Alaaf.