AMMAN — Jordan’s trade minister discussed with
Saudi officials means of enhancing
economic cooperation, implementing the
visions and directives of the two countries’ leaders and leveraging
opportunities available in Jordan and Saudi Arabia
اضافة اعلان
Minister of Industry, Trade, and Supply Yousef Al-Shamali’s discussions Tuesday were with Saudi Minister of Commerce
and acting minister of media Majid bin Abdullah Al-Qasabi and Minister of
Transport and Logistics Saleh bin Nasser Al-Jasser.
The ministers agreed to draw up a work
program to boost economic cooperation, stressing that the visit of Saudi Crown
Prince Mohammed bin Salman and his talks with
His Majesty King Abdullah will
push forward economic cooperation between the two neighboring countries.
They also concurred that the visit will
advance integration in several sectors, especially in view of global conditions
and the shift in global economy, the challenges imposed by the COVID-19
pandemic, and regional food security.
In this context, the ministers agreed to
pinpoint their priorities for the coming months, set a timetable for the
implementation of various plans, follow-up, evaluate, and address any obstacles
that may obstruct economic cooperation.
Shamali pointed to the importance of the
files that were discussed during the meeting of the joint Jordanian-Saudi
Committee that was held in Amman recently, as well as the agreements signed
during the Jordanian-Saudi Business Council held on Tuesday. He also lauded the
investment agreement in the health field worth JD400 million, and the recent
visit of a private sector delegation to Saudi Arabia.
The minister said that the focus during the
coming period will be on increasing the volume of trade exchange, stimulating
the establishment of more investment projects, exchanging experiences, and
achieving integration in the sectors of food security, industry and others.
He said that when reviewing the volume of
trade exchange between the two countries, it was found that the total value of
this exchange amounted to $4.2 billion during 2021, with the value of Jordanian
exports during that year amounting to about $1 billion, with the remainder, or
$3.2 billion, is Saudi imports.
Shamali said that Saudi investments are one
of the largest in the Kingdom, with a value of about $14 billion, distributed
on the transport, infrastructure, energy, financial and commercial sectors, and
tourism construction sectors.
The volume of trade exchange between Jordan
and Saudi Arabia during the first quarter of this year reached about JD817.3
million, as Jordanian exports to Saudi Arabia reached about JD181.3 million,
compared to JD636 million, according to Al-Mamlaka TV.
The size of the trade balance deficit during
the same period amounted to JD454.7 million, according to figures issued by the
Amman Chamber of Commerce, based on data by the Department of Statistics.
The Securities Depository Center data show that Saudi
investments in the
Amman Stock Exchange amounted to JD987, 795 million as of
May 31, and ranked the fourth in the Kingdom.
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