Oman and Jordan conclude a Memorandum of Understanding to enhance investment opportunities in various sectors

Amman: The Sultanate of Oman and the Hashemite Kingdom of Jordan today signed a Memorandum of Understanding (MoU) on investments in various sectors.

The Memorandum of Understanding, signed as part of His Majesty the Sultan’s state visit to Jordan, was signed by the Oman Investment Authority (OIA) and the Social Security Corporation represented by the Social Security Investment Fund (SSIF) in Jordan.

The MoU was signed by Abdulsalman Mohammed Al Murshidi, Chairman of OIA, and Dr. Ezzeddin Kanakrieh, Director General of SSIF.

The MoU seeks to enhance joint investment opportunities between Oman and Jordan in various fields, including information and communication technology (ICT), food, agriculture, medicines, medical supplies, energy, mining, tourism and logistics services, among others.

The MoU was concluded within the framework of His Majesty the Sultan’s royal directives aimed at strengthening ties between the two countries and expanding their economic spheres, Al Murshidi said.

He explained that OIA recently sent a team to Jordan and identified joint investment opportunities. He stressed that the MoU consolidates the relationship between OIA and SSIF to advance the fields of pharmaceuticals, food security and mining.

Al Murshidi added that talks are underway regarding the development industry and examining the possibility of establishing a direct shipping line between the Jordanian port of Aqaba and the ports of the Sultanate of Oman.

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.

— Ends/Bishara/AG