The Ministries of Investment in the UAE and Jordan have inked a Memorandum of Understanding (MoU), establishing a framework for investment collaboration, particularly in critical sectors such as infrastructure and development projects. This agreement further bolsters the enduring strategic partnership between the two nations.
The UAE Ministry of Investment has identified potential opportunities valued at over US $2 billion within Jordan.
Signatories to this MoU include Mohamed Hassan Alsuwaidi, the UAE’s Minister of Investment, and Zeina Toukan, Jordan’s Minister of Planning and International Cooperation, according to WAM.
Additionally, ADQ, an investment and holding company based in Abu Dhabi, has announced a strategic partnership agreement with the Jordan Investment Fund to create a joint investment fund, representing a significant milestone in ADQ’s commitment to advancing sustainable development initiatives in Jordan and the wider region.
ADQ and Jordan Investment Fund Join Forces to Boost Jordan’s Economy
By pooling their combined expertise, resources, and technical capabilities, ADQ and the Jordan Investment Fund aim to enhance infrastructure development, bolster export industries, and promote innovation with the goal of making a lasting positive impact on Jordan’s economy.
Mohamed Hassan Alsuwaidi, UAE’s Minister of Investment, said, “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 the strategic relations between the UAE and Jordan. We look forward to working together with Jordan to explore new opportunities and create a prosperous future and growth for both nations.”
Enhancing Economic Cooperation between Jordan and the UAE
Zeina Toukan, Jordan’s Minister of Planning and International Cooperation, stated, “This MoU is an opportunity for us to build on the deep, historic ties between both nations. It signifies our mutual commitment to enhancing our countries’ economic landscapes. Through collaboration and sharing of expertise, we hope to pave the way for innovation and growth that will benefit the people of Jordan and the UAE.”
The Memorandum of Understanding (MoU) inked by the Ministries also paves the way for the UAE and Jordan to investigate possibilities for elevating mutual investments and strengthening the GDP of both nations. This will involve investments in a range of sectors, including renewable energy, industrial projects, manufacturing, transportation, pharmaceuticals, and food processing.
The two ministries will collaborate to establish closer ties with pertinent government bodies, regulatory authorities, and private-sector businesses within their respective countries.
This development signifies a substantial stride in unlocking the complete potential of both countries and making a meaningful contribution to the economic growth of the region.
