ammonnews.net

Ammon News - AMMONNEWS - Prime Minister Hani Mulki on Thursday, received Managing Director and Secretary-General of the Board of the Saudi Arabian Public Investment Fund (PIF).

Talks during the meeting dealt with scopes of bilateral cooperation as well as future plans to activate joint economic projects that have been agreed upon by Jordan and Saudi Arabia.

Following the meeting, a Memorandum of Understanding (MoU) on investment promotion was signed between Jordan and Saudi Arabia in the presence of the prime minister, His Majesty the King's Special Envoy to Saudi Arabia Bassem Awadallah, and the chief commissioner of the Aqaba Special Economic Zone Authority Nasser Shraideh.

The memorandum,which was signed between the Jordan Investment Fund and the Saudi Arabian Public Investment Fund, aims at promoting and increasing Saudi investments in the Kingdom in the energy, tourism and infrastructure sectors.

The MoU, which was signed on behalf of Jordan by deputy prime minister for economic affairs, minister of industry and trade, and member of the Jordan Investment Fund board, and on behalf of the Saudi side by the PIF managing director, stems from the continued cooperation between the two countries as well as keenness to boost joint investments in various economic sectors.

It also comes as a translation of the visions and directives of His Majesty King Abdullah II and Saudi Monarch Salman Bin Abdul Aziz Al Saud and their support for establishing the Joint Jordanian-Saudi Coordination Council to strengthen economic and investment ties between the two countries.

Jordan and Saudi Arabia announced last April a package of measures intended to "enhance cooperation between the two countries," according to a joint statement.

The statement was released following a meeting in Aqaba between His Majesty King Abdullah and Saudi Deputy Crown Prince Mohammad Bin Salman Al Saud.