UAE and Jordan Sign $2 Billion Investment MoU for Mutual Growth

 


A $2billion memorandum of understanding (MoU) was signed by the UAE and Jordan to strengthen their relationship in key investment areas. This is a significant development. This cooperative endeavor focuses on important areas including development and infrastructure projects with the goal of fortifying the two countries' long-standing strategic relationship. Mohammed Hassan Al-Suwaidi, the UAE's minister of investments, and Zeina Toukan, the Jordanian minister of planning and international cooperation, formally signed the memorandum of understanding.

This partnership further cements the UAE's commitment to promoting sustainable development initiatives in Jordan and the broader region. Additionally, the Abu Dhabi Developmental Holding Co. and the Jordan Investment Fund have entered into a strategic partnership agreement, creating a joint investment fund. Al-Suwaidi emphasized their shared vision to explore new opportunities and pave the way for growth that benefits both countries.

The UAE and Jordan's joint investment initiative represents a united front for economic growth and prosperity. Their collaboration in infrastructure and development projects underscores their deep-rooted ties and their shared commitment to creating opportunities that enhance their economies and benefit their citizens. This MoU marks a significant milestone in their journey toward development and cooperation, reflecting a desire for mutual progress and economic prosperity.


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