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UAE investments in Jordan exceed $17 billion — envoy


Jordan News


The UAE ambassador to Jordan, Ahmed Al Balushi, said that economic relations between Jordan and the UAE are flourishing, and that the volume of his country’s investments in the Kingdom exceeds $17 billion, Amman Net reported.
Balushi said that the UAE investments cover many sectors, such as energy, technology, military industry, tourism, education, transportation, water, agriculture, and infrastructure, adding that the volume of trade between the two countries currently stands at $3 billion annually.
Participating in a conference organized by the Jasmine Foundation for Training, on Sunday, Balushi said that the Abu Dhabi Ports Group recently signed a number of strategic agreements and a memorandum of understanding with the Aqaba Development Corporation, stressing that this represents a milestone in strategic cooperation between the two countries.
He indicated that the agreements between the group and the corporation relate to the development of the Marsa Zayed area and the cruise ship terminal, the application of an advanced digital system for the port, the modernization of a multi-purpose port, and the development of King Hussein International Airport in the city of Aqaba.

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