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Saudi Arabia grants Jordan USD 232 mln  Join our daily free Newsletter

MENAFN - Kuwait News Agency (KUNA) - 12/05/2014
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(MENAFN - #Kuwait News Agency (KUNA)) #Jordan and #SaudiArabia signed three grant agreements worth USD 232 million on Sunday to finance water, irrigation and infrastructure projects, the state-run Petra News Agency reported.

The donation is part of USD-1.25-billion grant that #SaudiArabia pledged to extend to #Jordan in 2011 over a period of five years.

Jordan's Prime Minister Abdullah Ensour stressed after the signing ceremony importance of the grant to the evelopment of Jordan, especially in light of the difficult political and economic conditions in the region The agreements were signed by Jordan's Minister of Planning and International Cooperation Ibrahim Saif and Vice Chairman of the Saudi Fund for Development Youssef Al-Bassam.


The Saudi contribution is part of the overall USD-five-billion grant to Jordan, coming also from Kuwait, the #UAE and Qatar. Another USD five billion grant is similarly going to Morocco.

 
 


Kuwait News Agency (KUNA)




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