Saudi-Jordanian Roundtable Meeting In Riyadh Explores Investment Opportunities And Economic Integration

The Saudi-Jordanian Roundtable Meeting took place in Riyadh, co-led by Minister of Investment Khalid Al-Falih and his Jordanian counterpart Tareq Abughazaleh. The gathering included representatives from both nations' public and private sectors, aiming to explore investment opportunities and strengthen bilateral partnerships. Discussions focused on empowering investors and boosting mutual investments, aligning with Saudi Vision 2030 and Jordan’s Economic Modernization Vision 2033.

During the meeting, the Ministry of Investment of Saudi Arabia and the Jordanian Ministry of Investment signed an addendum to their existing bilateral agreement. This addendum is designed to update legal and regulatory frameworks governing investments. It aims to make the investment environment more attractive and ensure ongoing economic cooperation between the two countries.

In a move to further promote economic integration, the Economic Cities and Special Zones Authority (ECZA) of Saudi Arabia signed a memorandum of understanding (MoU) with Jordan’s Ministry of Investment. This MoU focuses on enhancing cooperation in special economic zones. It includes sharing expertise, improving competitiveness, organizing workshops, and conducting field visits.

The roundtable meeting highlighted the strong strategic relations between Saudi Arabia and Jordan. Both countries are committed to advancing economic integration and expanding investment partnerships. These efforts aim to serve mutual interests while aligning with regional and global developmental changes.

Attendees at the meeting included Prince Mansour bin Khalid bin Farhan, Saudi Ambassador to Jordan, Haitham Abu Alfoul, Jordanian Ambassador to Saudi Arabia, and Eng. Abdulrahman Al-Thubaity, Chairman of the Saudi-Jordanian Business Council. Their presence underscored the importance both nations place on these discussions.

The agreements reached during this meeting reaffirmed the depth of fraternal ties between the two kingdoms. They also emphasized a shared commitment to fostering economic growth through collaborative efforts in various sectors.

With inputs from SPA