November 2, 2023
3 mins read

UAE, Jordan Expand Investment Ties

The UAE Ministry of Investment identified potential opportunities worth over US $2 billion in Jordan….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 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.

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.”

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 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 realising the full potential of both countries and contributing to the economic growth of the region.

Order of Zayed Conferred Upon Jordan King

UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has conferred upon His Majesty King Abdullah II bin Al-Hussein of Jordan the Order of Zayed, the highest decoration bestowed by the UAE upon heads of states, royalty, and presidents.

This prestigious accolade recognises King Abdullah’s dedicated efforts to strengthen the deep-rooted ties of cooperation between the two nations, as well as his substantial contributions to the growth of these relations at every level.

During the ceremony at Qasr Al Watan in Abu Dhabi, the Jordan King conveyed his sincere gratitude to Sheikh Mohamed, expressing immense pride in being honoured with an order carrying the name of the late Sheikh Zayed bin Sultan Al Nahyan, a figure revered worldwide for his humanitarian efforts. Sheikh Zayed’s enduring legacy, characterised by relationships grounded in partnership and respect, has been instrumental in strengthening ties with Arab nations and fostering friendship with countries around the world.

Sheikh Mohamed stated that conferring the Order of Zayed upon King Abdullah II reflects his enduring respect, personal admiration, and high esteem, highlighting appreciation for His Majesty’s outstanding efforts to bolster ties and advance cooperation across diverse areas.

ALSO READ: Biden to Pay Respects to Lewiston Shooting Victims

Previous Story

Speaker Johnson becomes Democrats’ 2024 ‘boogeyman’

Next Story

‘Multi-Malware’ Campaign To Unleash Havoc

Latest from -Top News

Modi Eyes Trade Deals in Maldives

PM Modi will arrive in Maldives on July 25 which would be the second and final leg of his two-nation visit, following the visit to the United Kingdom, starting Wednesday….reports Asian Lite

Russia Strikes Back at EU

The Council of the European Union approved the 17th and 18th packages of sanctions on Russia on May 20 and July 18…reports Asian Lite News Russia has significantly expanded its entry ban

PM Modi Due in UK

PM Modi’s visit to the UK, scheduled for July 23–24, comes at the invitation of British counterpart Keir Starmer and will be his fourth trip to the country….reports Asian Lite News Prime

Victory First, Then Peace?

Katz stressed the importance of meeting the war’s goals as set, primarily the return of all Israeli hostages and the surrender of Hamas….reports Asian Lite News Israeli Defence Minister Israel Katz said

US Brings Up Old Claim, India Pushes Back

US Raises Trump’s India-Pakistan Claim at UN; India Reaffirms Bilateral Stand…reports Asian Lite News The US brought President Trump’s May claim of resolving the India-Pakistan conflict to the Security Council, but New
Go toTop

Don't Miss

MBRSC launches Emirates Space Art Programme

ESAP will serve as a platform to bring together a

Dubai Metaverse Assembly takes delegates to Mars

Taking place in the Dubai Future Accelerators, EVERDOME presented a