Amman: Jordan Industrial Estates Company (JIEC) and Morocco's Deposit and Management Fund (CDG) signed a memorandum of understanding (MoU) to establish a partnership aimed at enhancing technical and economic relations. The agreement, signed by JIEC Director General Omar Juwaid and CDG's Director General Khaled Safir, was attended by Moroccan Ambassador to Jordan Dr. Fouad Akhrif and officials from both sides.

According to Jordan News Agency, the MoU was part of CDG's delegation visit to Jordan, intending to learn from Jordanian institutions, especially JIEC. The agreement focuses on cooperation in institutional fields, investment, training, technology, development, corporate governance, and decision-making mechanisms.

Juwaid emphasized the strong Jordanian-Moroccan relations under the leadership of both kingdoms, highlighting the growth of Jordanian industrial estates, which have become key incubators for industrial investments. These estates significantly contribute to employment and economic development in Jordan.

Moroccan Ambassador Akhrif noted that the visit and MoU are steps towards a strategic partnership based on solid foundations. The agreement reflects the close bilateral ties and aims to establish a model of technical and institutional cooperation to serve common interests.

The memorandum represents a step to enhance integration and cooperation, contributing to the success of joint projects and developing institutional capacities. It aims to achieve future goals in economic, social, and human development for both countries.

The MoU outlines plans for exchanging information and expertise, conducting joint studies and projects, and preparing for digital transformation to align with industrial revolution demands. Additionally, it includes organizing events and workshops to unify efforts in developing industry and enhancing economic integration.