Market Update: Jordan, Saudi Arabia launch business network to deepen private sector ties  – Full Analysis

JEDDAH: Jordan and Saudi Arabia have launched a new business network aimed at accelerating private-sector partnerships and boosting trade and investment flows between the two countries. 

The initiative was unveiled in Riyadh during a high-level economic gathering attended by senior executives, investors and business leaders.

The Jordan–Saudi Business Network was launched by the Amman Chamber of Commerce in cooperation with the Jordanian Embassy in Saudi Arabia, the Jordan News Agency, known as Petra, reported. 

The next phase will involve the formation of specialized sectoral committees, regular business forums and structured follow-up of joint initiatives, in coordination with public and private stakeholders in both countries. 

Saudi Arabia is Jordan’s largest Arab trading partner and its third-largest trading partner globally. Bilateral trade exceeds $5 billion, while cumulative investments between the two countries have surpassed $24 billion as of 2024. 

Khalil Al-Hajj Tawfiq, chairman of the Amman Chamber of Commerce, said the network marks a shift from traditional economic engagement to a more structured, data-driven, and results-oriented model of cooperation, the agency added. 

“He noted that the platform is intended to serve as a permanent institutional link between Jordanian and Saudi businesses, enabling direct engagement, faster deal-making, and informed investment decisions,” Petra reported. 

Al-Hajj Tawfiq stated that the network will give companies access to reliable information on regulations, incentives, and investment opportunities, facilitate the entry of Jordanian products and services into the Saudi market, and support integration across regional supply chains. 

He noted that the initiative responds to market demand in Saudi Arabia while leveraging Jordan’s competitive strengths, particularly in the food industry, construction, professional services, information technology, tourism, transport, and logistics. 

The network’s operating model includes sectoral committees, a digital matchmaking platform, periodic business meetings, an annual forum and a dedicated business bulletin, with the aim of translating commercial opportunities into executable projects rather than symbolic cooperation. 

Jordan’s Ambassador to Saudi Arabia, Haitham Abu Al-Foul, described the launch as a timely and strategic step toward institutionalizing economic engagement and expanding trade and investment cooperation. 

The diplomat highlighted the strength of bilateral relations and praised the contributions of Jordanian professionals in Saudi Arabia, emphasizing their expertise and prominent role across key economic sectors. 

Mohammad Tahboub, secretary of the ACC board, said the network will serve as a flexible platform providing sector-specific data, investor matchmaking, and structured collaboration, helping companies integrate into value chains and turn business ideas into viable projects. 

The launch follows the Saudi–Jordanian Business Forum held a day earlier at the Federation of Saudi Chambers in Riyadh, which brought together around 200 companies and investors.