Page 262 - MOE ENGLISH PR REPORT - MAY 2025 ( Part 2)

5/23/25, 11:45 AM New era unfolds between UAE, Jordan economic cooperation
Kingdom of Jordan in Dubai and the Northern Emirates, along with Khalil HajjTawfiq, Chairman of
Amman Chamber of Commerce (ACC).

The meeting was attended by Mohammed Ahmed Amin Al-Awadi, SCCI’s Director-General; Abdul
Aziz Al Shamsi, Assistant Director-General for Communication and Business Sector at SCCI, and Dr.
Fatema Khalifa Al Muqarrab, Director of International Relations at SCCI, as well as several key
officials from both sides.

During the meeting, both sides agreed to activate the joint cooperation agreement signed between
SCCI and ACC, while facilitating economic delegation visits to elevate commercial relations.

Discussions also centered on encouraging investments, enhancing trade exchange, and increasing
the participation of Jordanian companies in exhibitions held at Expo Centre Sharjah. Supported by
SCCI, these events span various economic and commercial sectors and attract substantial regional
and international engagement.

Abdallah Sultan Al Owais extended a warm welcome to the Jordanian delegation, emphasising the
strong fraternal and strategic relations between the UAE and Jordan and the remarkable
development and growth these relations have witnessed, particularly in the economic sphere.

He noted that the UAE ranks as the largest international investor in Jordan, with total investments
surpassing $4 billion by the end of 2023, representing 14% of Jordan’s total foreign direct investment.

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The Comprehensive Economic Partnership Agreement (CEPA) between the United Arab Emirates
and the Hashemite Kingdom of Jordan will officially come into effect today (Thursday), heralding a
new era of economic cooperation.

This landmark agreement is the first CEPA signed between the UAE and an Arab nation, aimed at
enhancing trade and investment ties, stimulating growth in key sectors, and empowering small and
medium-sized enterprises (SMEs).

With the CEPA entering into force today, the two nations aim to boost bilateral non-oil trade to over $8
billion by 2032. This follows impressive year-on-year growth between 2023 and 2024 of 34.1 per
cent, with non-oil trade between the two nations reaching approximately US$5.62 billion in 2024. This
agreement will eliminate or reduce tariffs and remove trade barriers, enhancing market access and
strengthening regional and global supply chains.

Dr. Thani Bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade, stated, “This agreement
signifies a new era of collaboration, enhancing our economic ties and creating a framework for
shared growth and prosperity. Jordan has long been a valued partner for the UAE, and through this
CEPA, we are poised to unlock numerous opportunities that will benefit both nations.” Jordan has
been a vital partner for the UAE for many years, with bilateral non-oil trade experiencing tremendous

growth over the last decade, increasing by 138 per cent. The UAE is Jordan’s fifth-largest trading

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