Jordan-UAE economic committee explores further prospects

Home Business Jordan-UAE economic committee explores further prospects 06-06-2021 11:12 AM Ammon News - The Jordanian-UAE Joint Economic Committee headed by Minister of Industry, Trade and Supply Maha Ali and United Arab Emirates Minister of Economy Abdulla Bin Touq Al Marri Saturday held a virtual meeting to discuss a number of issues to boost economic cooperation between the two countries in trade, investment and other fields. According to a statement issued by the Ministry of Industry, Trade and Supply, today's talks followed a series of meetings of technical teams from the two ministries via video conferencing, underlining the strong relations and continued efforts to further enhance relations and maximize available opportunities. The UAE is a key strategic partner of Jordan with an estimated $16 billion in UAE investments in the Kingdom and a volume of bilateral trade of about $891 million in 2020, the statement noted, adding: "we are keen to take economic cooperation to higher levels, and build on existing partnerships in many fields." The UAE Economy Minister said that the solid UAE-Jordanian relations are based on a common vision by their leadership, which is reinforced by the close economic, cultural and social ties that unite the two brotherly countries and a growing strategic partnership that includes various vital fields. "UAE-Jordanian cooperation is a successful model for joint action at the Arab and international levels, and that the strategic partnership between the two countries is reflected in positive economic indicators," he said, adding that the UAE is among the five largest trading partners of Jordan in terms of its non-oil trade, and the Kingdom is the most important trading partner of the UAE in the Arab world. UAE Minister of State for Foreign Trade, Thani Al Zeyoudi, who attended the meetings, reaffirmed the UAE’s keen interest in enhancing economic relations with Jordan and expanding the scope of cooperation to include the key sectors of a future economy that is based on innovation and knowledge, especially advanced technology and digital transformation applications.

Home Business

Jordan-UAE economic committee explores further prospects

06-06-2021 11:12 AM

Ammon News - The Jordanian-UAE Joint Economic Committee headed by Minister of Industry, Trade and Supply Maha Ali and United Arab Emirates Minister of Economy Abdulla Bin Touq Al Marri Saturday held a virtual meeting to discuss a number of issues to boost economic cooperation between the two countries in trade, investment and other fields.

According to a statement issued by the Ministry of Industry, Trade and Supply, today's talks followed a series of meetings of technical teams from the two ministries via video conferencing, underlining the strong relations and continued efforts to further enhance relations and maximize available opportunities.

The UAE is a key strategic partner of Jordan with an estimated $16 billion in UAE investments in the Kingdom and a volume of bilateral trade of about $891 million in 2020, the statement noted, adding: "we are keen to take economic cooperation to higher levels, and build on existing partnerships in many fields."

The UAE Economy Minister said that the solid UAE-Jordanian relations are based on a common vision by their leadership, which is reinforced by the close economic, cultural and social ties that unite the two brotherly countries and a growing strategic partnership that includes various vital fields.

"UAE-Jordanian cooperation is a successful model for joint action at the Arab and international levels, and that the strategic partnership between the two countries is reflected in positive economic indicators," he said, adding that the UAE is among the five largest trading partners of Jordan in terms of its non-oil trade, and the Kingdom is the most important trading partner of the UAE in the Arab world.

UAE Minister of State for Foreign Trade, Thani Al Zeyoudi, who attended the meetings, reaffirmed the UAE’s keen interest in enhancing economic relations with Jordan and expanding the scope of cooperation to include the key sectors of a future economy that is based on innovation and knowledge, especially advanced technology and digital transformation applications.

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