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[size=36]Jordan: The joint economic city with Iraq has reached its final stages[/size]
Economy | 06:03 - 06/03/2024
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Mawazine News - Baghdad
The Jordanian Minister of Industry, Trade and Supply, Yousef Al-Shamali, confirmed that the joint economic city with Iraq has reached its final stages.
According to the project's technical specifications, the area of the joint economic city is about 22 million square meters and is located in two parts.
The first section includes Iraqi lands at the Trebil border crossing, while the second section is located on Jordanian lands near the Karama Customs site.
The city includes the industrial component, which aims to find developed land areas for investment in various industrial projects, and the commercial component, which aims to find developed land areas for investment in various trade projects.
In this regard, Youssef Al-Shamali said in a meeting hosted by the Jordanian Government Communication Forum, “The joint economic city with Iraq is in its final stages, and there are two international companies that have submitted offers to implement the project.”
The project constitutes a lever for economic cooperation between Iraq and Jordan, achieving integration in many fields, enhancing development efforts in the two countries, and contributing to reducing poverty and unemployment in them.
Youssef Al-Shamali indicated that he "is awaiting the submission of financial and technical offers in the coming weeks" regarding the joint economic city between Jordan and Iraq.
The project constitutes a lever for economic cooperation between Jordan and Iraq, achieving integration in many fields, and enhancing development efforts in the two countries. It
also contains a logistical component and aims to find developed land areas for investment in various storage projects.
Estimates indicate that the volume of trade exchange between Iraq and Jordan amounts to about $1.4 billion annually.
In an effort to strengthen their relations, the two parties agreed in 2019 to establish an oil pipeline extending from Basra through the Haditha area and then to the port of Aqaba.
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