Bahraini Investments in Jordan Cross $1bn Mark

Tue May 14 2024
icon-facebook icon-twitter icon-whatsapp

AMMAN: The investments from Bahrain in Jordan has now reached about $1.2 billion, according to a recent report released by the Amman Chamber of Commerce.
Bahrain, at the end of April, was ranked fourth among foreign investors on the Amman Stock Exchange, Arab media reported on Monday.
While trade between Jordan and Bahrain experienced a slight down ward trend in 2023, totaling JD92 million ($129 million) compared with JD136 million ($192 million) in 2022, Jordanian exports to Bahrain increased modestly from JD45.9 million ($64 million) to JD47.9 million ($67 million).
However, Bahraini exports to Jordan dropped from JD90.1 million ($127 million) to JD44.3 million ($62 million) during the same time.
In the first two months of 2024, bilateral trade amounted to JD10.6 million ($15 million), comprising JD5.8 million ($8 million) in exports and JD4.8 million ($ 6.7 million) in imports.
Bahrain and Jordan have signed several agreements for cooperation in different sectors to boost trade exchange, establish free trade zones, form joint business councils, and facilitate partnerships between entities such as the Federation of Jordanian Chambers of Commerce, the Bahrain Chamber of Commerce and Industry and the Amman Chamber of Industry.
Jordan, Bahrain, Egypt and UAE, in February 2023, signed 12 agreements during the third meeting of the Higher Committee for the Integrated Industrial Partnership for Sustainable Economic Development.
These agreements, jointly valued at approximately $2 billion, covers sectors including agriculture, chemicals, electric vehicles, medicine, metals and waste management.
These projects are likely to create approximately 13,000 direct and indirect employment opportunities in the four nations.

READ ALSO: Hamas Condemns Biden Remarks on Hostages as ‘Setback’ for Gaza Truce Talks

icon-facebook icon-twitter icon-whatsapp