March 30, 2022
1 min read

Jordan, Saudi sign agreements to boost trade cooperation

Jordan and Saudi Arabia signed cooperation agreements in the fields of trade, financial markets, and transportation, said Jordanian Ministry of Industry and Trade Spokesperson Yanal Barmawi…reports Asian Lite News

The deals, in addition to two agreements in media and youth cooperation, were signed during the meetings of the Jordanian-Saudi Joint Committee held in Amman, Barmawi told Xinhua news agency.

Saudi Arabia’s Minister of Transport and Logistics Saleh bin Nasser bin Al Al-Jasser said the meetings covered the economic, commercial, industrial, investment and educational fields, expressing hopes for the agreements to serve common interests, Xinhua news agency reported.

ALSO READ: Jordan King: Israel must respect rights of Muslims to worship at al-Aqsa

According to the ministry’s statistics, trade volume between the two countries reached $4.2 billion in 2021, with the value of Jordanian exports to Saudi Arabia amounting to about $1 billion.

The spokesperson noted that Saudi investments are considered one of the biggest chunks of foreign investments in Jordan, with a value exceeding $12 billion in transportation, infrastructure, energy, finance and commerce, as well as tourism facilities.

Previous Story

Trudeau pins blame for ‘tough times’ on Covid 19, Ukraine events

Next Story

RAK Ruler receives Prime Minister of Curacao

Latest from Arab News

Hamas Meets Turkish FM Over Gaza Crisis

The delegation briefed Hakan on the latest developments regarding the ceasefire in the Gaza Strip and the delegation’s recent visit to Cairo….reports Asian Lite News A Hamas delegation met with Turkish Foreign

Hamas Mulls 5-Year Deal 

Hamas says open to releasing all hostages for 5-year truce: source  A Hamas delegation led by senior leader Khalil al-Hayya agreed in Cairo to release all Israeli hostages in exchange for a

US Deports Iraqi Refugee to Rwanda 

Ameen’s deportation to Rwanda raises renewed concerns among rights advocates about transparency, due process, and the fate of refugees caught in the crossfire of international politics….reports Asian Lite News  The United States
Go toTop

Don't Miss

Saudi urges balanced energy transition at G20 

The Saudi minister stressed that the energy transition requires significant

Dialogue needed to end Russia-Ukraine conflict: IMF chief

Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF),