And he said Al-Zayoudi On the occasion of signing an agreement Comprehensive economic partnership between The UAE And Jordan The agreement came after a negotiating round and a number of coordination meetings in a record period and will enter into force later this year, following its ratification. He explained that the agreement comes as the culmination of a long process of deep-rooted historical relations between the two countries and the two brotherly peoples.
He added in exclusive statements to the Emirates News Agency that the agreement provides more opportunities for growth and prosperity for the business communities, young generations and entrepreneurs in the two countries and contributes to enhancing Bilateral trade To exceed $8 billion by 2032, to achieve the ambitions and interests of the two brotherly peoples.
He pointed out that bilateral non-oil trade with Jordan in 2023 exceeded $4.2 billion, achieving an increase of 37.9 percent over the year 2021 and 47.7 percent since 2019. Bilateral non-oil trade increased by 138 percent over the past decade, explaining that the UAE is the fifth largest partner. Commercial for Jordan around the world.
Al-Zeyoudi said Investments Mutual exchange between the UAE and Jordan is estimated at approximately $22.5 billion. The UAE is the largest international investor in Jordan, as the total UAE investments in Jordan at the end of last year amounted to more than $4 billion, constituting 14 percent of the total foreign direct investment in the Kingdom.
He added that the agreement Comprehensive economic partnership between the UAE and Jordan It contributes to strengthening bilateral trade and investment relations, accelerating growth in priority sectors, providing job opportunities, and strengthening supply chains, in addition to enhancing our global competitive capabilities and benefiting from our global trade network to expand into new markets for mutual benefit.”
He pointed out that the UAE and Jordan exchange their expertise in key sectors such as: Energyinfrastructure, transportation, and finance, while Jordan has a strong industrial base, especially in the production of phosphates, textiles, and medicines. He explained that the promising areas for investment flows between the UAE and Jordan cover sectors Tourism Hospitality, real estate, renewable energy, transportation and logistics, manufacturing, medicines and pharmaceuticals, agriculture and food security.”
