Page 626 - MOE ENGLISH PR REPORT - OCTOBER 2024

He noted that Jordan, as a fast-growing economy with a strategic location at the heart of the Arab
world, is an ideal regional partner for these efforts.

The Minister of Energy and Infrastructure, Suhail bin Mohammed Al Mazrouei, noted, "The CEPA
aligns closely with Jordan Energy Strategy for (2020-2030) and supports the development of
renewable energy, with 29 percent of Jordan's electricity already coming from solar and wind
power."

Minister of Industry and Advanced Technology, Dr. Sultan bin Ahmed Al Jaber, stated that the
agreement aligns with the UAE leadership's vision of continuously strengthening cooperation with
both regional and international partners in support of sustainable economic and social
development efforts.

He also explained that the agreement complements the Industrial Partnership for Sustainable
Economic Growth launched in 2022 with Jordan and Egypt, which has since expanded to include
more countries.

This partnership offers new investment opportunities and developmental enablers in diverse
industrial sectors, including textiles, metals, pharmaceuticals, petrochemicals, among others.

The Minister of Economy, Abdulla bin Touq Al Marri, commented, "This partnership is central to our
vision of positioning the UAE as a global economic hub, expanding into new markets, and boosting
our competitiveness."

He explained that Jordan is a significant economic and trade partner in these efforts, with its real
GDP projected to reach approximately $54 billion in 2024 and expected to grow by three percent
over the next five years.

There are numerous opportunities to enhance cooperation in key sectors, particularly the new
economy, tourism, renewable energy, financial services, and agriculture.

The Minister of Investment, Mohamed Hassan Alsuwaidi, said, "As the UAE embarks on an
ambitious growth agenda focused on strategic investments in high-potential sectors globally,
Jordan stands out as a promising partner in areas such as energy, manufacturing, tourism,
healthcare, and real estate."

He highlighted that mutual investments between the two countries have exceeded $22.5 billion,
reflecting the deep economic, cultural, and social ties that bind Jordan and the UAE.

Minister of Climate Change and the Environment, Dr. Amna bint Abdullah Al Dahak Al
Shamsi, explained that the agreement opens doors for strategic investments and joint projects that
can support sustainable agriculture, enhance food production, improve land use, and optimise
resource consumption.

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