Relations between France and Jordan have undergone spectacular growth with the successful participation of major groups in the privatization of the Kingdom’s economy. Today, France is the leading non-Arab investor with approximately $1.3b of total direct investments (telecommunications, banking services, and cement production).The energy and water sectors are called on to play a growing role in our trade.
The cooperation agreement for the development of peaceful use of nuclear enegy, signed in Amman in May 2008, has made it possible to develop institutional cooperation in this sector and to create a dynamic that favours our manufacturers. Areva obtained the exclusive rights to prospecting uranium-bearing fields in the centre of the country for three years. France and Jordan would like this cooperation to serve as an example in the area in terms of security, safety and nonprolifration. The AFD (with PROPARCO) granted a large loan ($200M) for a Disi water table development project. France also supports the Red Sea- Dead Sea canal project. Other projects concern transport (rail, port of Aqaba).
Our financial cooperation is active. France helped reduce Jordan’s foreign debt, bearing the most significant part of the operation ($0.85b out of 2.1) agreed to by the Club of Paris in 2007. However, trade, which shows a structural surplus, remains modest (with 3.3% of the market share, France is the Kingdom’s ninth-leading supplier).
Updated on 29.06.10