The meetings are co-chaired by Jordanian Minister of Trade and Industry Amer Hadidi and Saudi Transport Minister Jubara bin Eid Al-Suraiseri.

Hadidi said that the two countries enjoyed special ties that allow them to build up "a distinguished state of economic cooperation in various spheres."

Hadidi expressed readiness to receive all complaints by Saudi businessmen and resolve them as rapidly as possible.

He urged Saudi businessmen to enhance their investments in Jordan, which so far stood at more than $2 billion.

Hadidi said that the volume of trade between Jordan and Saudi Arabia, the country's main supplier of oil, reached $1.855 billion in the first seven months of 2010, compared with $1.558 billion in the same period of last year.

On his part, Al-Sureiseri said, "We together work as one team to serve the interests of the two countries in implementing the directions of the leaderships in the two states."

He said that both public and private sectors in the two countries stood a good chance of expanding bilateral cooperation and carrying out more joint investment ventures.

Al-Sureiseri suggested the Saudi-Jordanian Business Council represented the appropriate vehicle for boosting bilateral investments, particularly in the fields of small and medium size industries.

The Saudi minister also met on Sunday with Jordan's Prime Minister Samir Rifai, who praised the "historical relations" between the two countries.

The discussion covered laying down "practical and effective mechanism for boosting economic integration between the two countries," according to a statement from the premier's office.

The two countries are due to sign four cooperation agreements at the end of the meetings in the fields of mining, energy planning, housing and culture, according to the official Petra news agency.