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10/18/24, 9:46 AM UAE-Jordan CEPA to expand bilateral investment flows currently at over $22.5 billion
Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology, 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 added that the UAE-Jordan CEPA complements the Industrial Partnership for Sustainable
Economic Growth launched in 2022 with Jordan and Egypt. Since then, the partnership has
expanded to include more countries. It offers new investment opportunities and developmental
enablers in diverse industrial sectors, including textiles, metals, pharmaceuticals, petrochemicals,
among others.
Jordan’s GDP to rise 3 percent over the next five years
Commenting on the UAE-Jordan CEPA, Abdulla bin Touq Al Marri, Minister of Economy, said:
“This partnership is central to our vision of positioning the UAE as a global economic hub,
expanding into new markets, and boosting our competitiveness.”
Jordan is a significant economic and trade partner in these efforts, with its real GDP projected to
reach approximately $54 billion in 2024 and grow by 3 percent over the next five years. Al Marri
also highlighted numerous opportunities to enhance cooperation in key sectors, particularly the new
economy, tourism, renewable energy, financial services, and agriculture.
“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,” added Mohamed Hassan Alsuwaidi, Minister of
Investment.
Read: UAE, Jordan sign CEPA, set to boost growth in key sectors
Non-oil trade exceeds $4.1 billion
Meanwhile, Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, noted that Jordan
is a key regional trade partner for the UAE. In 2023, non-oil trade between the two countries
exceeded $4.1 billion, marking a 46.1 percent increase compared to pre-pandemic levels in 2019.
“This agreement enhances bilateral economic cooperation and provides new investment
opportunities in energy, manufacturing, agriculture, and transportation,” added Khalifa Shaheen Al
Marar, Minister of State.
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