Page 640 - MOE ENGLISH PR REPORT - OCTOBER 2024

10/18/24, 9:46 AM CEPA with Jordan strategic leap for trade, investment, say UAE officials
He explained that Jordan is a significant economic and trade partner in these efforts,

with its real GDP projected to reach approximately US$54 billion in 2024 and

expected to grow by 3 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.

Mohamed Hassan Alsuwaidi, Minister of Investment, 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

US$22.5 billion, reflecting the deep economic, cultural, and social ties that bind

Jordan and the UAE.

Dr. Amna bint Abdullah Al Dahak Al Shamsi, Minister of Climate Change and the

Environment, 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. "It also allows us to create

vital value chains that provide more consistent benefits for producers and ensure

their products reach new markets across Asia through the UAE's global logistics

hubs."

Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, affirmed that
Jordan is a key regional trade partner for the UAE, adding that in 2023, non-oil

trade between the two countries exceeded US$4.1 billion, marking a 46.1 percent
increase compared to pre-pandemic levels in 2019.

Khalifa Shaheen Al Marar, Minister of State, noted, "This agreement enhances

bilateral economic cooperation and provides new investment opportunities in

energy, manufacturing, agriculture, and transportation."

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