Ammon News - AMMONNEWS - The Cabinet on Monday approved a memorandum of understanding with the Palestinian government to establish a Jordanian-Palestinian company for marketing agricultural products.

In a press conference, which followed a Cabinet session earlier in the day, Minister of State for Media Affairs Mohammad Momani said that establishing the company aims at enhancing the opportunities for exporting Jordanian and Palestinian agricultural products to external markets, stressing that the company constitutes a support to Palestinians and their economy.

Momani, who is also the government spokesperson, noted that the company forms an added value to the Jordanian agricultural sector and the overall economy, through offering transit services to Palestinian products and finding jobs in relevant sectors, the Jordan News Agency, Petra, reported.

He announced that signing the memo will take place on the sidelines of the first Jordanian agricultural forum that will be held in the Dead Sea area in the few coming days.

The company will also play a role in effecting a gradual change in the agricultural pattern through encouraging "contract farming" and ensuring commitment by the company and contracted farmers, Momani added.

Momani also said that the council of ministers has approved a recommendation by the Energy Ministry to establish a corporate social responsibility fund for renewable energy companies working in the Kingdom, whose investments are estimated in the hundreds of millions.

The ministry will be responsible for presenting technical and logistic support to the fund's management, according to Petra.

Momani added that the fund aims at assisting the development sector through working with local community institutions and citizens in developing areas adjacent to renewable energy projects.

The government gives special attention to renewable energy schemes and succeeded in attracting major regional and international firms to invest in the sector to generate electricity, where the investment volume in the field exceeds $2 billion that contributed to generating more than 1,300 megawatts of power until the end of 2016, Petra added.

*JT