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10/18/24, 9:46 AM UAE-Jordan CEPA to expand bilateral investment flows currently at over $22.5 billion
UAE-Jordan CEPA to expand bilateral investment flows currently at over $22.5 billion
In 2023, non-oil trade between the two countries exceeded $4.1 billion, a 46.1 percent
increase compared to pre-pandemic levels

UAE-Jordan CEPA aims to stimulate bilateral trade and enhance the competitiveness of the business ecosystems in both
countries
Published: Mon 7 Oct 2024, 5:20 PM Last updated: Mon 7 Oct 2024, 5:41 PM
Mutual investments between the UAE and Jordan, which currently exceed $22.5 billion, are set for a
significant expansion following the Comprehensive Economic Partnership Agreement (CEPA).
Following the agreement signing, several UAE ministers and officials highlighted the importance of
the CEPA with Jordan in fostering economic growth, prosperity, and cooperation between the two
nations. The agreement paves the way for new opportunities in vital sectors and facilitates trade and
investment flows, boosting collaboration in key areas including industry, energy, agriculture, and
food security.
CEPA supports renewable energy development
For his part, Mohamed Hadi Al Hussaini, Minister of State for Financial Affairs, said that the UAE-
Jordan CEPA aims to stimulate bilateral trade and enhance the competitiveness of the business
ecosystems in both countries, which are key pillars of their economic visions. 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 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,” stated Suhail bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure.

Industrial sector boost
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