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GCC to finance $5bn of projects in Jordan

Kuwaiti minister expresses desire to strengthen economic ties

NEWS, Business

GCC countries have committed to investing up to $5bn to finance development projects in Jordan over the next five years.

The commitment was made following meetings between Jordanian ministers and Kuwaiti counterparts in Kuwait, according to Jordanian news agency Petra.

Jordan's finance minister Suliman Al Hafez met Kuwait's acting finance minister Nayef al-Hajraf while the country's two trade ministers also held talks.

Following the meeting, Mr Al-Hafez said that the meeting focussed on joint projects which the GCC could get involved with.
Mr Al Hafez has also gained commitment from Saudi Arabia, Qatar and UAE to invest on its recent tour of GCC countries.

Kuwait's minister of trade, Anas Al Saleh said that Kuwait wished to further develop its interests in Jordan, where it is already the country's second-largest inward investor and the biggest from the Arab states.

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Construction Week - Issue 747
Aug 03, 2019