November 2, 2023
2 mins read

UAE and Jordan Sign MOU to Strengthen Investment Cooperation

The agreement was signed by His Excellency Mohamed Hassan Alsuwaidi, UAE’s Minister of Investment; and Zeina Toukan, Jordan’s Minister of Planning and International Cooperation…reports Asian Lite News

The Ministries of Investment of 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 two countries’ enduring strategic partnership. The UAE Ministry of Investment identified potential opportunities worth over US $2 billion in Jordan.

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

ADQ, an Abu Dhabi-based investment and holding company, also announced that it has entered into a strategic partnership agreement to create a joint investment fund with Jordan Investment Fund, marking a milestone in ADQ’s commitment to advancing sustainable development initiatives in Jordan and the region. By bringing together their collective expertise, resources, and technical capabilities, ADQ and Jordan Investment Fund aim to enhance infrastructure development, boost export industries and promote innovation that aim to create a sustainable impact on Jordan’s economy.

H.E. 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.”

H.E. Zeina Toukan, Jordan’s Minister of Planning and International Cooperation, said: “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 MoU signed between the Ministries also enables the UAE and Jordan to explore opportunities to boost bilateral investments and enhance both nations’ GDP, through investment in multiple sectors such as 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 event marks a significant step towards realizing the full potential of both countries and contributing to the economic growth of the region.

ALSO READ-Tension Mounts as India-Qatar Ties Face Test

Previous Story

Ambiente at Frankfurt on Jan 26

Next Story

‘Multi-Malware’ Campaign To Unleash Havoc

Latest from -Top News

Pahalgam Bled, But Kashmir Didn’t Bow

Pahalgam was the latest act in a long campaign of Pakistan-based militancy aimed at destabilizing Kashmir, especially as the region has gained strength through development,…writes John Spencer On April 22, 2025, gunmen

India–EFTA Trade Deal Gets Swiss Nod

Switzerland Ratifies Landmark EFTA-India Trade Pact, Paving Way for $100 Billion Investment…reports Asian Lite News Switzerland has ratified the Trade and Economic Partnership Agreement (TEPA) between India and the European Free Trade

Jaishankar Meets SCO Chief

Jaishankar is on a three-day visit to China to attend the Foreign Ministers’ Meeting of the SCO member states being held in Tianjin….reports Asian Lite News External Affairs Minister S. Jaishankar met

Jaishankar Bats for Better Ties with China

Jaishankar underlined the importance of open dialogue and the exchange of perspectives as essential between two major neighbours and economies….reports Asian Lite News External Affairs Minister S. Jaishankar, in talks with Chinese

UN slams resumption of Houthi attacks

In the first such incidents for more than six months, the Yemeni group seized and then scuttled two Liberian-flagged bulk carriers operated by Greek shipping firms, leaving four seafarers presumed dead and
Go toTop

Don't Miss

UAE, Indian Leaders Call For Urgent Peace Efforts in Gaza

The UAE President emphasised the priority of intensifying efforts to

‘Brazil, UAE can collaborate on vaccines for future pandemics’

DUBAI, 21st October, 2021 (WAM) — Brazil is seeking the