Saudi Arabia, Jordan eye trade relations over $1bn with new agreement

Delegates at the signing ceremony (supplied)
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Updated 05 March 2022
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Saudi Arabia, Jordan eye trade relations over $1bn with new agreement

A bilateral agreement which could be worth over $1 billion has been signed by business leaders from the Saudi Arabian city of Makkah and Jordan’s Amman.

A memorandum of understanding was agreed between the Makkah Chamber of Commerce and Industry and its Amman counterpart which will focus on developing bilateral economic relations between the two cities.

The deal was signed during a Jordanian industrial delegation’s visit to the MCCI, headed up by the Jordanian Minister of Industry, Trade and Supply Yousef Mahmoud Al-Shamali and the Chairman of Amman Chamber of Industry, Fathi Jaghbir.

“There is a need to strengthen these relations to rise above $1 billion, especially since Amman is proud of Saudi products, and Saudi investments are the most important in Jordan,” said Al-Shamali.

The deal holds considerable significance as trade exchange between Saudi Arabia and Jordan was still “below expectation” despite common interests, pointed out Jaghbir.

“Saudi Arabia is the second-largest commercial partner for Jordan,” he added.

Jaghbir also called for the establishment of executive offices and liaison officers in the chambers of commerce in both countries to put these agreements and partnerships into force.

Some 44 Jordanian companies from various sectors participated in an exhibition organized on the sidelines of the meeting.

Al-Shamali and the Saudi Minister of Commerce and Investment Majid bin Abdullah Al-Qasabi also explored ways to strengthen bilateral trade and stimulate each country’s private sector, according to the statement.

They discussed preparations for an upcoming joint trade committee meeting, which will focus on increasing bilateral trade and economic cooperation.


Real Estate Registry signs 10 agreements at forum in Riyadh

Updated 29 January 2026
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Real Estate Registry signs 10 agreements at forum in Riyadh

RIYADH: The Real Estate Registry concluded its participation in the Real Estate Future 2026, as a partner of the forum, with a distinguished presence that included the launch of its business portal, the signing of 10 agreements and memoranda of understanding with entities from the public and private sectors, the organization of specialized workshops, and the awarding of the Gold Award at the Real Estate Excellence Awards.

During his participation in the forum, the CEO of the firm, Mohammed Al-Sulaiman, reviewed the latest developments in real estate registration in the Kingdom in a keynote speech, highlighting the pivotal role of the Real Estate Registry in building a unified and reliable system for data. He also announced the launch of the national blockchain infrastructure, which aims to enable the microcoding of real estate assets, enhance transparency, expand investment opportunities, and support innovative ownership models within a reliable regulatory framework.

On the sidelines of the forum, Al-Sulaiman met with Nigeria’s Minister of Housing and Urban Development, Ahmed Dangiwa. During the meeting, they discussed areas of joint cooperation, exchanged experiences and advice on shaping the future of the real estate sector, and reviewed best practices in implementing real estate registration systems that enhance reliability and improve the efficiency of property registration.
efficiency of property registration systems.

The Real Estate Registry’s participation included organizing three specialized workshops that focused on the role of geospatial technologies in identifying ownership, enhancing transparency, and improving the quality of real estate data. 

The workshop “Empowering the Real Estate Registry for the Business Sector” reviewed digital solutions that enable the business sector to manage its real estate assets more efficiently and enhance governance and technical integration. The workshop “From Off-Plan Sales to Title Deed” focused on the journey of documenting real estate ownership and the role of the registry in linking the stages of development and documentation within an integrated digital system.

On the sidelines of the forum, the Real Estate Registry signed 10 agreements and memorandums of understanding, including a deal with Yasmina Information Technology Co. to utilize real estate data in developing smarter insurance solutions that support the real estate sector and enhance service reliability. 

Partnerships were also signed with Haseel, NewTech, and Sahl, as well as HissaTech and Droub, to develop innovative digital solutions in property ownership, fractional ownership, and asset tokenization, as well as real estate finance and investment within a trusted regulatory framework.

Further collaborations included an MoU with ROSHN Group, an agreement with the Saudi Water Authority to enable data integration and quality enhancement, an agreement with the Saudi National Bank, and a partnership with Saudi Post to link the national address with the property registry as a unified geospatial identifier supporting data accuracy and integration.

The registry’s participation was crowned with the Golden Award at the Real Estate Excellence Awards in the category of Excellence in Property Documentation, in recognition of its role in building a model based on transparency, accuracy, and speed, as well as advanced digital technologies and specialized legal expertise, contributing to rights protection and increasing the sector’s attractiveness.

The Real Estate Registry emphasized that its participation reflects its continued role as a key enabler of the real estate sector, a trusted data source, and an active partner in driving digital transformation, enhancing market efficiency, and building investor and financier confidence, in line with Saudi Arabia’s Vision 2030 objectives for a fully integrated and sustainable digital real estate ecosystem.