Amman, April 16 (Petra) -- Saudi Arabia’s Cabinet approval of a memorandum of understanding with Jordan marks a further step in deepening investment ties between the two countries, as bilateral cooperation shifts toward implementation across key sectors.

Investment Minister Tareq Abu Ghazaleh said the agreement on developing economic zones reflects a more advanced phase of cooperation, focused on expanding joint projects and strengthening institutional coordination.

The MoU, signed between the Ministry of Investment and Saudi Arabia’s Economic Cities and Special Zones Authority, is expected to facilitate technical and regulatory exchange and support the development of more competitive economic zones.

The agreement builds on momentum in bilateral investment flows, with Saudi Arabia ranking as the largest investor in Jordan in 2025, accounting for 16.1% of total foreign direct investment.

Total FDI reached $2.02 billion last year, its highest level since 2017, signaling rising investor confidence and stronger regional capital flows into the Jordanian economy.

The partnership targets sectors including energy, transport, logistics, tourism, and advanced technologies, under a joint implementation framework coordinated between the two sides.

//Petra// RZ