emirates7 - Several UAE ministers and officials have praised the Comprehensive Economic Partnership Agreement (CEPA) with Jordan as a strategic initiative to strengthen ties with an important economic and trade partner in the Arab region. They emphasized that the agreement represents a significant advancement in cooperation, which will drive economic growth and prosperity for both countries.
The ministers highlighted how the agreement opens doors for new opportunities in key sectors and facilitates trade and investment, boosting collaboration in areas such as industry, energy, agriculture, and food security.
Mohamed Hadi Al Hussaini, Minister of State for Financial Affairs, noted that the agreement aims to stimulate bilateral trade and enhance the competitiveness of both countries' business environments, which are essential components of their economic strategies. He pointed out that Jordan, with its rapidly growing economy and strategic location in the Arab world, is an ideal partner.
Suhail bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure, mentioned that the CEPA aligns with Jordan’s Energy Strategy (2020-2030) and supports the expansion of renewable energy, with 29 percent of Jordan’s electricity already generated from solar and wind power.
Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology, stated that the agreement fits with the UAE’s leadership vision of fostering collaboration with regional and international partners to promote sustainable economic and social development. He also said the CEPA complements the Industrial Partnership for Sustainable Economic Growth, launched in 2022 with Jordan and Egypt, which has now expanded to include more countries, offering investment opportunities in sectors like textiles, metals, pharmaceuticals, and petrochemicals.
Abdulla bin Touq Al Marri, Minister of Economy, remarked that this partnership is central to the UAE’s goal of positioning itself as a global economic hub. He noted that Jordan, with its projected GDP of approximately $54 billion in 2024 and a growth forecast of 3 percent over the next five years, is a key partner in sectors such as tourism, renewable energy, financial services, and agriculture.
Mohamed Hassan Alsuwaidi, Minister of Investment, highlighted Jordan as a promising partner in sectors such as energy, manufacturing, tourism, healthcare, and real estate, as the UAE pursues an ambitious growth agenda. He pointed out that mutual investments between the two countries have surpassed $22.5 billion, reflecting the strong economic, cultural, and social connections between Jordan and the UAE.
Dr. Amna bint Abdullah Al Dahak Al Shamsi, Minister of Climate Change and the Environment, explained that the agreement paves the way for strategic investments in sustainable agriculture, enhancing food production, optimizing resource use, and creating value chains that benefit producers and expand market access via the UAE’s logistics hubs.
Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, emphasized Jordan’s importance as a trade partner for the UAE, with non-oil trade between the two countries surpassing $4.1 billion in 2023, marking a 46.1 percent increase from pre-pandemic levels in 2019.
Khalifa Shaheen Al Marar, Minister of State, stated that the agreement boosts bilateral economic cooperation and opens up new investment opportunities in energy, manufacturing, agriculture, and transportation.
Ahmed Ali Al Sayegh, Minister of State, added that CEPA aligns both nations’ efforts towards sustainable growth, contributing to regional political and economic stability. He expressed optimism about exploring new trade and investment opportunities that will bring long-term benefits to both countries and the wider Arab region.
Khaled Mohamed Balama, Governor of the Central Bank of the UAE, noted that CEPA offers new avenues for financial cooperation, strengthening the flow of goods, services, and investments, and reinforcing the UAE's role as a global business hub.
Ahmed Abdullah bin Lahej Al Falasi, Director-General of Customs at the Federal Authority for Identity, Citizenship, Customs, and Port Security, explained that the agreement will increase bilateral trade by reducing tariffs, removing trade barriers, and streamlining customs processes, boosting productivity across various industrial sectors. He also said the agreement supports the UAE's national vision to expand foreign trade and contributes to its goal of doubling the economy by 2031.
Abdulla Mohammed Al Basti, Secretary-General of Dubai’s Executive Council, remarked that the agreement enables Jordanian businesses to access global markets through the UAE’s advanced infrastructure, while creating investment opportunities in sectors like tourism and healthcare in Jordan and supporting the development of vital regional supply chains.
The ministers highlighted how the agreement opens doors for new opportunities in key sectors and facilitates trade and investment, boosting collaboration in areas such as industry, energy, agriculture, and food security.
Mohamed Hadi Al Hussaini, Minister of State for Financial Affairs, noted that the agreement aims to stimulate bilateral trade and enhance the competitiveness of both countries' business environments, which are essential components of their economic strategies. He pointed out that Jordan, with its rapidly growing economy and strategic location in the Arab world, is an ideal partner.
Suhail bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure, mentioned that the CEPA aligns with Jordan’s Energy Strategy (2020-2030) and supports the expansion of renewable energy, with 29 percent of Jordan’s electricity already generated from solar and wind power.
Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology, stated that the agreement fits with the UAE’s leadership vision of fostering collaboration with regional and international partners to promote sustainable economic and social development. He also said the CEPA complements the Industrial Partnership for Sustainable Economic Growth, launched in 2022 with Jordan and Egypt, which has now expanded to include more countries, offering investment opportunities in sectors like textiles, metals, pharmaceuticals, and petrochemicals.
Abdulla bin Touq Al Marri, Minister of Economy, remarked that this partnership is central to the UAE’s goal of positioning itself as a global economic hub. He noted that Jordan, with its projected GDP of approximately $54 billion in 2024 and a growth forecast of 3 percent over the next five years, is a key partner in sectors such as tourism, renewable energy, financial services, and agriculture.
Mohamed Hassan Alsuwaidi, Minister of Investment, highlighted Jordan as a promising partner in sectors such as energy, manufacturing, tourism, healthcare, and real estate, as the UAE pursues an ambitious growth agenda. He pointed out that mutual investments between the two countries have surpassed $22.5 billion, reflecting the strong economic, cultural, and social connections between Jordan and the UAE.
Dr. Amna bint Abdullah Al Dahak Al Shamsi, Minister of Climate Change and the Environment, explained that the agreement paves the way for strategic investments in sustainable agriculture, enhancing food production, optimizing resource use, and creating value chains that benefit producers and expand market access via the UAE’s logistics hubs.
Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, emphasized Jordan’s importance as a trade partner for the UAE, with non-oil trade between the two countries surpassing $4.1 billion in 2023, marking a 46.1 percent increase from pre-pandemic levels in 2019.
Khalifa Shaheen Al Marar, Minister of State, stated that the agreement boosts bilateral economic cooperation and opens up new investment opportunities in energy, manufacturing, agriculture, and transportation.
Ahmed Ali Al Sayegh, Minister of State, added that CEPA aligns both nations’ efforts towards sustainable growth, contributing to regional political and economic stability. He expressed optimism about exploring new trade and investment opportunities that will bring long-term benefits to both countries and the wider Arab region.
Khaled Mohamed Balama, Governor of the Central Bank of the UAE, noted that CEPA offers new avenues for financial cooperation, strengthening the flow of goods, services, and investments, and reinforcing the UAE's role as a global business hub.
Ahmed Abdullah bin Lahej Al Falasi, Director-General of Customs at the Federal Authority for Identity, Citizenship, Customs, and Port Security, explained that the agreement will increase bilateral trade by reducing tariffs, removing trade barriers, and streamlining customs processes, boosting productivity across various industrial sectors. He also said the agreement supports the UAE's national vision to expand foreign trade and contributes to its goal of doubling the economy by 2031.
Abdulla Mohammed Al Basti, Secretary-General of Dubai’s Executive Council, remarked that the agreement enables Jordanian businesses to access global markets through the UAE’s advanced infrastructure, while creating investment opportunities in sectors like tourism and healthcare in Jordan and supporting the development of vital regional supply chains.