INSEAD Day 4 - 728x90

Google to invest $6.4bn

The investment is its biggest-ever in Germany.

Pfizer poised to buy Metsera

The pharma giant improved its offer to $10bn.

Ozempic maker lowers outlook

The company posted tepid Q3 results.

Kimberly-Clark to buy Kenvue

The deal is valued at $48.7 billion.

BYD Q3 profit down 33%

This was a 33% year-on-year decrease.

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.