Jordan – Jordan, Iraq agree on joint border economic city project funding

Last updated May 18, 2022

Location: Amman – Jordan

Language: Arabic

Duration: 00:03:15

Sound: Natural

Source: A24 subscribers

Restrictions: A24 clients

Dateline: 18/05/2022

Storyline:

Jordan and Iraq have reached an agreement on the funding and essential requirements of the joint border economic city project. The discussion took place during a press conference on Wednesday in capital Amman of Jordanian Minister of Industry, Trade and Supply Youssef Al-Shamali, with his Iraqi counterpart, Manhal Aziz Al-Khabbaz. Jordanian Minister of Industry, Trade and Supply Youssef Al-Shamali said the establishment of the joint border economic city is the result of the directions and visions of the leaders of both countries. He added that the meeting with his Iraqi counterpart is part of the tripartite summit to enhance the tripartite cooperation among Jordan, Egypt and Iraq. The Iraqi Minister of Industry and Minerals said the process of acquiring and leasing border land to establish a joint border economic city is complete.

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Soundbite (Youssef Al-Shamali – Jordanian Minister of Industry, Trade and Supply):

“This meeting is part of the tripartite summit to enhance the tripartite cooperation among Jordan, Egypt and Iraq. The last summit was held in Baghdad and the summit prior to that was held in Amman. One of the main purposes for these summits is emphasizing industrial integration; establishing the joint border economic city will create the opportunity to achieve Jordanian-Iraqi industrial integration. This project will benefit the industry in both countries. The political decision taken a few years ago to establish the economic city took into consideration security, political, social and economic aspects. This area was chosen after extensive planning, in accordance with visions of the leaders of both countries. This project will revitalize many sectors in both Jordan and Iraq.”

Soundbite (Manhal Aziz Al-Khabbaz – Iraqi Minister of Industry and Minerals):

“The General Assembly of the Jordanian-Iraqi Industry Company held a meeting today and reached an agreement on the joint border economic city project in cooperation with the Iraqi Ministry of Industry and Minerals. We reached an agreement on the funding of the project and the mechanisms of attracting developers to the economic city. We have completed acquiring and leasing land, as well as outlining project requirements. A concise vision of the project will be presented to the leaders of both countries to help make final decisions regarding costs of leasing the land in order to start establishing the joint border economic city.”