December 9 2022 6:26 AM E-paper Subscribe Sign in My Account Sign out

Jordan, UAE agree on 7-point economic cooperation program — report

Jordan and UAE flags
Jordan and UAE will increase economic cooperation and joint investments under a new deal. (Photo: Jordan News)
AMMAN (Jordan News) — The UAE and Jordan have agreed on a joint economic, commercial and investment cooperation program for the next stage, which includes seven main areas to strengthen economic relations between the two countries.اضافة اعلان

The program includes incentives to develop non-oil trade exchange, according to a report by MSN.com.

It also entails cooperation in the areas of the digital economy, improving digital skills, and developing partnerships in the areas of food security and strategic stocks.

The two countries will also work on investing in joint industrial business incubators to empower entrepreneurship and owners of small and medium enterprises.

According to the report, Amman and Abu Dhabi will develop a plan to establish investment projects and set up a working group mandated with increasing joint ventures in vital sectors, such as financial technology, health and modern agriculture.

The UAE is among the five largest trade partners of Jordan, and the volume of non-oil foreign trade between the two countries $2.42 billion in 2020.
The value of joint investments between the two countries amounted to $20 billion last year, according to the UAE Ministry of Economy, cited by MSN.