Jordanian- Emirati Economic Committee convenes over developing bilateral relations

AMMAN — The Joint Jordanian-Emirati Economic Committee on Saturday held its second convention over enhancing economic cooperation in various fields, mainly at the commercial and investment levels.

Industry, Trade and Supply Minister Maha Ali and UAE Minister of Economy Abdullah Bin Touq Al Marri chaired the meetings. Ali stressed the “deep-rooted” ties between Amman and Abu Dhabi that witness constant development in order to benefit from available opportunities in both countries, the Jordan News Agency, Petra, reported. 

Ali added that the UAE is a strategic partner of Jordan with Emirati investments in the Kingdom estimated at around $16 billion and the exchange volume between the two countries hitting some $891 million in 2020.  

Voicing keenness to further develop economic cooperation, Ali also highlighted the importance of the committee in shedding light on available opportunities and investment capabilities, as well as exchanging expertise in e-commerce, digitalisation and e-transformation in ways that contribute to enhancing cooperation and benefits.

Marri said that Emirati-Jordanian cooperation is one of the most successful models for joint action at “the pan-Arab and international levels”, adding that the UAE is among the five biggest commercial partners of Jordan in terms of non-oil trade. 

Similarly, the Kingdom is one of the most important commercial partners of the UAE, Marri noted. 

United Arab Emirates' Minister of State for Foreign Trade Thani Al Zeyoudi highlighted the significance of developing economic cooperation with Jordan and expanding it to include important sectors that form “pillars in the economy of the future” such as advanced technologies and digital transformation applications. 

At the end of the meetings, Ali and Marri signed the meeting minutes that included items to develop cooperation in economic, commercial, investment, tourist, industrial, ICT, transport, renewable energy, agricultural and the food security sectors.