The UAE’s direct investment in Jordan has reached AED62.6 billion, while Jordan’s investment in the UAE is about AED4.5 billion.
Abu Dhabi Development Fund for Development (ADFD) has financed AED6.5 billion worth of development projects in Jordan. The GCC grant to Jordan in 2013 amounted to US$5 billion, of which the UAE’s contribution was US$1.25 billion.
Jordan’s GDP has risen by 6.5 percent, with investment contributing about 13 percent to it.
ADFD managed the UAE’s grant to Jordan by directly overseeing the strategic projects that had a significant impact on the country’s economy.
The UAE has also helped raise foreign exchange reserves by depositing the entire grant with the Central Bank of Jordan, to improve the efficiency of the country’s financial system.
“The relations between the UAE and Jordan exemplifies an ideal bilateral partnership, which benefited both countries. By financing many development projects, the UAE and ADFD remained a genuine supporter of advancement of Jordan’s economy and society,” Mohamed Saif Al Suwaidi, Director-General of ADFD, said. “The benefits of the projects funded by ADFD in Jordan are reflected in the phenomenal improvement and diversification of infrastructure including education, transport, energy, housing and agriculture. All this resulted in the improvement of the quality of life in the country.”
Trade between the UAE and Jordan has steadily risen over the past 10 years from AED1.9 billion in 2010 to AED6.9 billion in 2017, before registering a quantum leap in 2018 to AED9.4 billion. In 2019, the trade volume stood at an all-time high of AED10.4 billion.
Jordanian companies and brands are concentrated in several sectors, including financial and insurance, manufacturing, industry, real estate, construction, retail and trade.