Oman and Jordan Sign MoU to Enhance Investment in Various Sectors

Amman, The Gulf Observer: The Sultanate of Oman and the Hashemite Kingdom of Jordan have signed a memorandum of understanding (MoU) aimed at boosting investment across multiple sectors. This MoU was inked during His Majesty the Sultan’s State Visit to Jordan, highlighting the strong bilateral ties and mutual commitment to economic collaboration.

The MoU was signed by Abdulsalman Mohammed Al Murshidi, Chairman of the Oman Investment Authority (OIA), and Dr. Ezzeddin Kanakrieh, Chief Executive Officer of the Social Security Investment Fund (SSIF) of Jordan. The agreement focuses on enhancing joint investment opportunities in various fields, including information and communications technology (ICT), food, agriculture, pharmaceuticals, medical supplies, energy, mining, tourism, and logistics services.

Al Murshidi emphasized that this MoU is a direct result of the Royal directives from His Majesty the Sultan, aimed at consolidating ties between Oman and Jordan and expanding their economic cooperation. He noted that the OIA had recently dispatched a team to Jordan to identify potential investment opportunities, underscoring the importance of this agreement in strengthening the relationship between the OIA and the SSIF.

The MoU also paves the way for discussions on real estate development and the possibility of establishing a direct shipping line between the Jordanian port of Aqaba and ports in Oman, further enhancing trade and connectivity between the two nations.

The signing ceremony was attended by Sheikh Fahd bin Abdulrahman Al Ojaili, Ambassador of the Sultanate of Oman to the Hashemite Kingdom of Jordan, and several Jordanian officials. This agreement marks a significant step in the ongoing efforts to deepen economic collaboration and foster mutual growth between Oman and Jordan.