Crown prince’s go to to Jordan ‘to help financial, political cooperation and Arab unity’

AMMAN: Saudi Arabia’s long-standing relationship with Jordan is a narrative of how the 2 kingdoms grew to become a “position mannequin” for regional and pan-Arab cooperation, which, in accordance with consultants, is predicted to be strengthened by a number of new initiatives on the political and financial fronts.

Forward of Crown Prince Mohammed bin Salman’s upcoming go to to Jordan, observers draw consideration to the lengthy, shared historical past, comparable cultures and values ​​of the 2 peoples which have had an impression on diplomatic relations.

“Diplomacy is just not the correct phrase to explain Amman-Riyadh relations. “Historical past, geography, politics and customary pursuits,” mentioned Samih Maaitah, Jordan’s former media affairs minister.

In an announcement to Arab Information, Maaitah defined that the 2 nations have turn into a “position mannequin” for regional cooperation and coordination, because of “primarily a set of details, together with comparable political and administrative system”.

A prolific author, Maaitah defined that the 2 nations have lengthy taken the same political strategy to regional and worldwide points, together with Palestine, Iran, Iraq, Syria and Yemen. This consists of the struggle towards terrorism and “present smuggling of unlawful medication (from Syria)”.

“Simply because a steady Jordan is in Saudi Arabia’s curiosity, a robust Saudi Arabia is on the middle of Jordan’s pursuits. A long-lasting Amman-Riyadh strategic partnership is a prime precedence and can’t be compromised or sacrificed. The leaders of each nations are absolutely conscious of this and act accordingly.”

Amer Sabaileh, a Jordanian strategic analyst and college professor, echoed Maaitah’s phrases, hailed the progress of relations and known as for stronger political cooperation and coordination.

Sabaileh instructed Arab Information that Jordan should take a job in “Saudi Arabia’s new imaginative and prescient (2030) and its leaders’ formidable plan for your entire area.”

“Saudi Arabia has a progressive and impressive strategic imaginative and prescient for your entire Center East area, and Jordan urgently wants to learn from the Saudi crown prince’s go to to Amman.”

“Steady Jordanian-Saudi cooperation and coordination serves the pursuits of your entire area,” he added.

Saudi Arabia is Jordan’s largest financial associate, with investments exceeding 13 billion {dollars}. Commerce between the 2 nations reached $5 billion in 2021.

In keeping with the World Financial institution, Saudi Arabia is Jordan’s largest donor, giving its neighbor $3 billion in direct monetary help, or about 8 p.c of Jordan’s GDP.

In April this 12 months, Saudi Arabia despatched $50 million in direct financing to Jordan, the fourth of 5 installments Riyadh has dedicated to the nation. In keeping with the Saudi Press Company, this help was a part of a 2018 settlement between Saudi Arabia, Kuwait and the UAE to supply Jordan with a $2.5 billion financial help bundle.

The Saudi-Jordanian Funding Fund, backed by the Saudi Public Funding Fund, just lately signed an settlement with Jordan to take a position $400 million in a healthcare facility within the nation.

The challenge has been described because the “end result” of Saudi funding in Jordan.

FASTTRUTH

DIPLOMATIC RELATIONS

March 22, 1945 Saudi Arabia and Jordan shaped the Arab League in Cairo, together with 4 different members, to coordinate insurance policies, arrange research and committees on problems with widespread concern.

June 3, 1999 Crown Prince Abdullah bin Abdulaziz, King of Jordan II. He talks to Abdullah concerning the newest developments within the Center East peace course of.

Might 10, 2011 Jordan has made a proposal to hitch the Gulf Cooperation Council.

March 27, 2017 King Salman, King of Jordan II. He got here to Amman for a summit assembly with Abdullah. 15 agreements and 1 billion {dollars} that mark a brand new financial interval between the 2 nations.

29 October 2019 King II. Abdullah attended the Future Funding Initiative 2019 convention in Riyadh.

March 8, 2021 King of Jordan II. Abdullah arrived in Riyadh, the place they reviewed relations and joint cooperation to additional develop promising alternatives.

January 26, 2022 Saudi Arabia and Jordan are collaborating at NEOM to construct initiatives and partnerships that may probably profit each events in essential and strategic sectors, significantly the power and water desalination sectors within the Purple Sea.

Through the signing ceremony, Jordanian Prime Minister Bisher Khasawneh emphasised that the leaders of the 2 nations have a deep-rooted relationship and known as for higher cooperation on all fronts.

Supporting this view, Naif bin Bandar Al-Sudairi, Saudi Arabian Ambassador to Jordan, mentioned that the Kingdom is keen to enhance its relations with Jordan.

SJIF President Hisham Attar defined that the principle goal of the fund is to contribute to financial progress in Jordan via long-term investments in key strategic sectors that replicate the imaginative and prescient of the leaders of the 2 nations.

He additionally highlighted the targets of the Saudi Imaginative and prescient 2030 and the Saudi Arabian Public Funding Fund’s technique to additional promote financial integration. SJIF aimed to be probably the most influential investor in Jordan.

The Jordanian authorities, represented by SJIF and the Jordan Funding Fund, signed a memorandum of understanding on June 16 that can enable SJIF to discover investments within the Nationwide Rail Community Undertaking.

In keeping with SJIF’s assertion, this challenge requires the development of a 418 kilometer rail line connecting the Aqaba Container Terminal to the Madouna land port within the south of Amman for the cargo of containers, phosphates, grains and cars.

In June 2021, SJIF introduced a $15 million funding in Main Jordanian know-how firm OpenSooq, an e-commerce cell utility that allows consumer-to-consumer gross sales as a part of its capital progress funding technique.

On the time, the fund mentioned the funding was making an attempt to help the entrepreneurial setting in Jordan, which might help the event of native corporations and supply them with a possibility for regional growth.

In March this 12 months, a bilateral settlement value greater than $1 billion was signed by enterprise leaders from Mecca and Amman.

Yousef Mahmoud Al-Shamali, Jordanian Minister of Trade, Commerce and Provide, attended the signing ceremony between the Makkah Chamber of Commerce and Trade and its counterpart in Amman, saying: “Saudi is pleased with its merchandise and Saudi investments are an important factor in Jordan.”

Jamal Shalabi, a professor of political science at Jordan’s Hashemite College, defined that Saudi Arabia has shifted its financial cooperation with Jordan from “money help to direct funding in providers and infrastructure initiatives”.

“That is very intelligent and extra sustainable and has a direct impression on job creation and boosting financial progress,” he mentioned at a ceremony marking the centennial of Jordanian statehood on the college in April.

In keeping with official figures, roughly 430,000 Jordanians work in Saudi Arabia.

Remittances from Saudi Arabia to Jordan rose by $16.4 million within the first 4 months of 2022 to $1.1 billion, up 1.5 p.c in comparison with the identical interval final 12 months.

Knowledge from the Central Financial institution of Jordan present that these remittances amounted to $3.4 billion by the tip of 2021. Many of the remittances from Jordanian expats come from the Gulf nations and particularly Saudi Arabia.

A ballot performed in March by the Middle for Strategic Research on the College of Jordan revealed that Jordanians view an “institutionalized relationship with Saudi Arabia” as their nation’s prime precedence.

The survey additionally revealed that 37 p.c of Jordanians view Saudi Arabia as their nation’s greatest financial and political supporter and “its closest neighbor, each culturally and historically.”