The United Arab Emirates and Jordan consolidate their bilateral ties with an investment cooperation agreement worth $2 billion

He Investment Ministries The UAE and Jordan have signed a Memorandum of Understanding (MoU) aimed at creating a framework for investment cooperation in key areas, including infrastructure and development projects, while further strengthening the United Arab Emirates’ long-standing strategic partnership. two countries.

The United Arab Emirates Ministry of Investment identified potential opportunities worth more than US$2 billion in Jordan.

The agreement was signed by Mohamed Hassan Alsuwaidi, UAE Minister of Investment; and Zeina Toukan, Minister of Planning and International Cooperation of Jordan.

ADQ, an Abu Dhabi-based holding and investment company, also announced that it has signed a strategic partnership agreement to create a joint investment fund with Jordan Investment Fund, marking a milestone in ADQ’s commitment to promoting sustainable development initiatives in Jordan and the region.

By pooling their collective experience, resources and technical capabilities, ADQ and the Jordan Investment Fund aim to improve infrastructure development, boost export industries and promote innovation that aims to create a sustainable impact on Jordan’s economy.

Mohamed Hassan Alsuwaidi, UAE Minister of Investment, saying,

“We are committed to strengthening collaboration with our partners to ensure collective growth and economic prosperity. This agreement reflects our desire to promote cooperation and investment in Jordan, demonstrating the depth of strategic relations between the United Arab Emirates and Jordan. “We look forward to working together with Jordan to explore new opportunities and create a prosperous future and growth for both nations.”

Zeina Toukan, Minister of Planning and International Cooperation of Jordanhe claimed,

“This MoU is an opportunity for us to take advantage of the deep and historic ties between both nations. It means our mutual commitment to improving the economic landscapes of our countries. “Through collaboration and sharing of experience, we hope to pave the way for innovation and growth that will benefit the people of Jordan and the UAE.”

The MoU signed between the Ministries also allows the UAE and Jordan to explore opportunities to boost bilateral investments and improve the GDP of both nations, through investments in multiple sectors such as renewable energy, industrial projects, manufacturing, transportation, pharmaceuticals and food processing.

The two ministries will work together to build closer relationships with relevant government agencies, regulatory authorities and private sector companies in their respective countries.

The event marks a significant step towards realizing the full potential of both countries and contributing to the economic growth of the region.

News source: Emirates News Agency