Jordan, Kuwait eye closer economic ties

Amman, Jordan and Kuwait on Monday signed 15 agreements, memoranda of understanding and executive programs in various domains as the two countries seek closer bilateral ties and cooperation, particularly in economic spheres. The signing of the agreemen…

Amman, Jordan and Kuwait on Monday signed 15 agreements, memoranda of understanding and executive programs in various domains as the two countries seek closer bilateral ties and cooperation, particularly in economic spheres.

The signing of the agreements took place as the prime ministers of both countries kicked off the fourth session of the Joint Jordanian-Kuwaiti Higher Committee in Amman today.

Prime Minister Omar Razzaz said Jordan and Kuwait maintain solid relations and always seek to stand on a common ground towards various issues of concern to both nations. He added that today’s deals will further expand economic ties and provide broader avenues for joint cooperation.

The prime minister indicated that Kuwaiti investors hold the largest proportion of non-Jordanian investments in the Kingdom; a testament of the solid relationship between Jordan and the Arab Gulf nation.

In turn, Kuwaiti Prime Minister Sheikh Jaber Al-Mubarak Al-Hamad Al-Sabah said his visit to Jordan provides an opportunity to upgrade Jordanian-Kuwait cooperation and pledged that his country will always stand by Jordan.

He noted that the value of Kuwaiti investments in Jordan stands at $18 billion, saying his country will work to increase these investments to support the Jordanian economy and provide job opportunities to its people.

He underlined the importance of a prospective conference to be held in London next month, which will focus on supporting Jordan’s economy, noting his country will actively take part in the anticipated event.

Source: Jordan News Agency