Saudi Arabia and Jordan to collaborate on ventures near Neom

 

Saudi Arabia and Jordan discuss expanding cooperation 

Saudi Arabia and Jordan have entered into discussions aimed at exploring potential opportunities in the northern region of the ambitious Neom project, extending into Jordanian territory.

The Jordanian side of the border offers ports and existing infrastructure ripe for utilization in projects beneficial to both nations, aligning with Saudi Arabia’s Vision 2030 and broader regional development goals.

Khalid Wazani, Chairman of Jordan's Investment Commission, underscores that Neom, a $500 billion brainchild launched by Saudi Crown Prince Mohammed bin Salman in 2017, is catalyzing increased Saudi-Jordanian investments to foster ventures in Aqaba and fortify existing enterprises.

 

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The Jordanian segment of Neom encompasses the Aqaba port and Marsa Zayed, envisioned as epicenters for knowledge exchange and consultations, fostering the evolution of Neom-related projects.

In a statement, Wazani highlights the potential synergies, shared goals, and advancements toward Neom's objectives, anticipated to bolster Saudi Vision 2030 and benefit the broader region, including Egypt and Jordan, through the Neom initiative.

These remarks follow a meeting between Wazani and Mohammed Al Sayer, member of the Board of Directors and Chairman of the Securities and Investment Committee at the Riyadh Chamber of Commerce, held in Riyadh.

  

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Neom, sprawling across 460 km along the Red Sea coastline, presents vast development prospects spanning 26,500 square meters.

Source: GEO TV