Jordan exports to Saudi Arabia worth $1b in 2021

Jordan Saudi KSA Trade
(Photo: Envato Elements)
AMMAN — The meetings of the prepatory committee of the Jordanian-Saudi Arabian Joint Trade Committee kicked off in Amman on Monday, according to AmmanNet.اضافة اعلان

The meetings were chaired by Secretary General of the Ministry of Industry, Trade, and Supply Dana Zu’bi and the representative of state for transport of Saudi Arabia Mansour Al-Turki.

Zu’bi stressed the importance of joint action to increase the level of economic cooperation between the two countries by promoting intraregional trade, stimulating investments and exchanging experiences.

“Trade between the two countries amounted to approximately $4 billion in 2021; about $1 billion in Jordanian exports to the Saudi market and $3.2 billion in imports, including oil imports,” according to Zu’bi.

She added that these figures “place before us a shared responsibility by the public and private sectors to work hard towards increasing them in light of the great potential between the two countries.”

From the Saudi side, Turki said that there is an opportunity to improve economic cooperation between Jordan and Saudi Arabia and that the committee’s discussions will be aimed at advancing areas of cooperation and increasing the volume of trade and joint investments.

Meetings of the ministerial committee will be held on Tuesday under the chairmanship of the Minister of Industry, Trade, and Supply Yousef Al-Shamali and Saudi Transport Minister Saleh Al-Jasser.

Read more Business
Jordan News