Page 639 - MOE ENGLISH PR REPORT - OCTOBER 2024

10/18/24, 9:46 AM CEPA with Jordan strategic leap for trade, investment, say UAE officials
The ministers pointed out that the agreement paves the way for new opportunities in

vital sectors and facilitates trade and investment flows, boosting collaboration in

areas such as industry, energy, agriculture, and food security.

Mohamed Hadi Al Hussaini, Minister of State for Financial Affairs, said that the

agreement 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.

Suhail bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure, 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."

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 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.

Abdulla bin Touq Al Marri, Minister of Economy, 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."

https://www.bignewsnetwork.com/news/274679604/cepa-with-jordan-strategic-leap-for-trade-investment-say-uae-officials?utm_source=feeds.bignews… 2/4