Jordan and Oman Sign Memorandum of Understanding for Joint Investments in Key Sectors

The recent signing of a memorandum of understanding between Ezzedine Kanakrieh, President of the Social Security Investment Fund (SSIF) in Jordan, and Abdul Salam Murshidi, head of the Omani Investment Authority, marks a significant step towards enhancing joint investment opportunities between the two countries. This partnership aims to establish a Jordanian-Omani company that will focus on key sectors such as infrastructure development, food security, and sustainable energy.

Kanakrieh emphasized the importance of this collaboration in promoting economic stability and addressing regional economic challenges. He highlighted the alignment of this memorandum with the visions of His Majesty King Abdullah II and His Majesty Sultan Haitham bin Tariq, coinciding with Jordan’s 78th Independence Day and the Silver Jubilee celebrations.

The memorandum aims to boost joint investments in various sectors including information and communications technology, food and agriculture, pharmaceuticals, energy, mining, tourism, and logistics services. It also includes the exchange of expertise between the two parties, further strengthening their partnership.

Murshidi expressed optimism about the strategic partnership, noting that it would enhance Arab economic cooperation. He mentioned that a team from the Omani agency had recently visited Jordan to explore potential sectors for collaboration. The memorandum formalizes the relationship between the two entities and paves the way for cooperation in key sectors such as drug security, food, and mining.

Additionally, discussions are ongoing regarding real estate development and the possibility of establishing a direct shipping line between the Jordanian port of Aqaba and ports in Oman. This collaboration is expected to bring mutual benefits to both countries and contribute to the overall economic growth of the region.

Overall, the signing of this memorandum of understanding signifies a strong commitment to enhancing economic cooperation between Jordan and Oman. It sets the stage for the development of major projects that will drive growth and prosperity in key sectors, ultimately benefiting the people of both nations. Stay tuned for more updates on this exciting partnership!