Abu Dhabi Fund invests $410M in Jordan
The Abu Dhabi Fund for Development has approved a financing of $410 million to support strategic projects in Jordan. These include the construction of five high-quality vocational and technical schools in the governorates of Amman, Mafraq, Jerash, and Irbid, at a cost of nearly $40 million, aimed at strengthening vocational and technical education. The fund also finances projects to supply the Rawda Industrial City in Ma'an and the Muweilih Industrial City with natural gas, at a cost of $70 million, to support local industries and reduce energy costs. Additionally, the funding covers studies for supplying the King Hussein Development Zone with gas, as part of the government’s plan to stimulate the economy and lower production costs, thereby enhancing local and external competitiveness. Over the past five years, the fund has granted Jordan nearly $1 billion for projects in education, energy, and digital transformation, as well as extended an interest-free loan of $300 million to support the general budget.
Notice: This Is an AI-Generated Summary
Comments (0)