UAE and Jordan Sign $2 Billion Investment Agreement

The Ministries of Investment of the UAE and Jordan have signed a Memorandum of Understanding (MoU) to enhance their strategic partnership and create a framework for investment cooperation. The agreement aims to promote collaboration in key areas such as infrastructure and development projects. The UAE Ministry of Investment has already identified potential investment opportunities worth over $2 billion in Jordan.

The MoU was signed by Mohamed Hassan Alsuwaidi, UAE’s Minister of Investment, and Zeina Toukan, Jordan’s Minister of Planning and International Cooperation. This agreement marks a significant milestone in the commitment of the Abu Dhabi-based investment and holding company, ADQ, to advancing sustainable development initiatives in Jordan and the region. ADQ has entered into a strategic partnership agreement with the Jordan Investment Fund to create a joint investment fund.

Through this partnership, ADQ and the Jordan Investment Fund aim to enhance infrastructure development, boost export industries, and promote innovation that will have a sustainable impact on Jordan’s economy. The collaboration will bring together their expertise, resources, and technical capabilities.

Commenting on the agreement, Alsuwaidi stated that the UAE is committed to strengthening collaboration with its partners to ensure economic prosperity. He emphasized that this agreement reflects the desire to promote cooperation and investment in Jordan, further demonstrating the depth of the strategic relations between the UAE and Jordan.

Toukan also highlighted the opportunity presented by the MoU to enhance economic landscapes in both countries. She expressed her hope that through collaboration and the sharing of expertise, the partnership will pave the way for innovation and growth that will benefit the people of Jordan and the UAE.

The MoU enables both nations to explore opportunities to boost bilateral investments and enhance their GDP. Potential sectors for investment include renewable energy, industrial projects, manufacturing, transport, pharmaceuticals, and food processing.

The two Ministries will work together to build closer relationships with relevant government agencies, regulatory authorities, and private-sector enterprises in their respective countries. The signing of this MoU is a significant step towards realizing the full potential of both UAE and Jordan and contributing to the economic growth of the region.