Economic ties between Jordan and Qatar are experiencing "rapid" growth, showcasing their resilience and diversity. The trade balance between the two nations is on the rise, largely fueled by Qatar's increasing imports of Jordanian food, consumer goods and various materials, including aluminium moulds.
Sheikh Tamim bin Hamad Al Thani, the Emir of Qatar, recently visited Jordan and his talks with King Abdullah II marked a significant step forward in the relationship between Amman and Doha. Their discussions went beyond just politics, which further explored economic cooperation, investment prospects and strategic partnerships, all in response to the increasing need for robust development collaborations in the region.
Qatar ranks eighth among foreign investors in the Amman Stock Exchange, with investments reaching about JD633 million (USD 892.53 million). This represents roughly 2.5 per cent of the total market capitalisation of the Jordan Bourse, as reported by the Securities Depository Centre.
Qatar continues to be a significant hub for Jordanian workers, with nearly 60,000 Jordanians finding jobs in various fields like healthcare, education and finance. This highlights the strong economic ties and personal connections that exist between the two countries.
The Qatari Ambassador to Amman, Sheikh Saud bin Nasser bin Jassim Al Thani, shared with Al Mamlaka TV that the economic ties between Jordan and Qatar are built on a solid strategic partnership. This partnership covers various areas, including investment, energy and infrastructure, along with the stock market, real estate and banking sectors. It's all about boosting trade volumes and enhancing economic integration.
He mentioned that the Joint High Committee is in charge of overseeing these initiatives, making sure that agreements and Memoranda of Understanding (MoU) are carried out to benefit both countries and strengthen their strategic partnership.
Back in 2018, Qatar rolled out a hefty USD 500 million investment package, aiming to boost infrastructure, energy and tourism projects. This move reflects the shared vision of the leadership in both countries to promote sustainable development.
Additionally, it also comes with a promise to create 20,000 job opportunities for Jordanians in Doha, showcasing Qatar's dedication to bolstering Jordan's economy and empowering its youth to take part in development and investment projects.
These initiatives are in line with the goals set by the leaders of both nations to boost economic and investment collaboration, put signed agreements into action across various sectors and promote mutual growth and integration.
Ambassador Al Thani pointed out that the partnership between Jordan and Qatar goes beyond just political, economic and investment aspects; it also includes humanitarian and social projects. This approach not only strengthens economic ties but also creates job opportunities for young people and underscores both countries' dedication to sustainable development.
In the first half of 2025, Jordan's imports from Qatar exceeded JD60 million (USD 84.5 million), while exports to Qatar were close to JD58 million (USD 81.4 million). This shows a balanced and thriving trade relationship between the two countries.
For specialised industry insights - AL Circle Reports
Responses
