INSEAD Day 4 - 728x90

2PointZero reports strong H1

Expansion drives earnings, revenue growth.

Borouge profit climbs 23%

Prices, recovery boost quarterly earnings

e& posts 11.6% revenue growth

The H1 net profit hits $1.63 billion.

TECOM profit up 9%

Revenue, occupancy drive earnings higher

DAE H1 profit $229m

Growth triggered by higher earnings, stron cash flow

Iraq and Jordan to set up economic city on common border

A crossing at Iraq-Jordan border.
  • The Iraqi-Jordanian Company for Industry, which will carry out the project, urged international companies to make a bid
  • The economic city is expected to boost trade cooperation between the two countries and achieve integration in many fields

Amman, Jordan–Jordan and Iraq announced on Sunday an international tender to set up a joint economic city on the two countries’ common border.

In a statement, Jordanian Ministry of Industry and Trade said the tender includes preparing studies, designs, engineering plans, developing, financing, implementing, managing, investing, promoting and operating the economic city, as well as sustaining and maintaining its facilities.

The statement added that the Iraqi-Jordanian Company for Industry, which will carry out the project, called on interested international parties specialized in the construction of economic cities, development zones and free zones to bid.

According to the statement, Jordanian Minister of Industry and Trade Yousef Al Shamali and Iraqi Minister of Industry and Minerals Khaled Battal Al Najm noted that the project is important to enhance economic cooperation between the two countries and achieve integration in many fields.

The two ministers said that they reached an advanced stage to start implementing this strategic project, which will strongly boost economic cooperation and attract Arab and foreign investments.