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Ammon News - The cumulative balance of Jordanian direct investments in the UAE until the beginning of 2020 amounted to about $1.56 billion, while the mutual investments are estimated at about $20 billion, and the volume of trade exchange stood at $891 million, according to official figures, Jordan News Agency Petra reported.

In a videoconference session, which comes within the framework of promoting the "50 projects" initiative announced by the UAE in early September, officials from the two countries have discussed investment opportunities in various economic fields.

UAE Minister of State for Foreign Trade, Thani Al Zeyoudi, called on representatives of the Jordan Business Council (JBC) to closely review the Emirati new initiatives, learn more about the incentives for the investment environment in the country, and explore opportunities and promising sectors, according to Petra.

He also invited the Council to build more partnerships and develop successful projects in the UAE, which achieve growth and mutual benefit and contribute to the prosperity of the two countries.

JBC Chairman, Ihsan Al Qatawneh, said that the continuous growth of mutual investments between Jordan and the UAE is a result of the vision of the two countries' leaders who give priority to Arab competencies, noting that the announced "50 projects" initiative makes the UAE an ideal destination for investments.