Aqaba is new stop for Saudi investments

A handout picture released by the Jordanian Royal Palace on April 27, 2016, shows Jordan's King Abdullah II (L) meeting with King Salman bin Abdulaziz Al-Saud in Riyadh. (AFP)

JEDDAH: Saudis are considering Aqaba as a promising investment environment, as sources say there is an opportunity to establish real estate development funds in Jordan by developing a range of promising sectors, including tourism, mining and manufacturing.
Custodian of the Two Holy Mosques King Salman, and King Abdallah of Jordan approved the establishment of a joint Jordanian-Saudi Council to develop strategic relations between the two Kingdoms during their recent meeting in Riyadh.
Sources pointed out that the Coordination Council for the two countries will meet at least once a month, and will deal with political, investment, security and military cooperation issues.
According to sources, the Coordination Council will supervise all agreements that were discussed in the Jordanian-Saudi summit on April 11.