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FinancialNews
28-05-17
Abu Dhabi Fund issues USD1.6bn in Jordan development projects
(MENAFN) Abu Dhabi Fund for Development (ADFD) proclaimed that it had invested a whole of USD1.6bn in 31 projects through Jordan covering many key sectors involving housing, water and irrigation.
Furthermore, both sides have enjoyed close ties, while their constructive co-op plans to achieve sustainable development goals in vital economic sectors that benefit the Jordanian population.
In addition, the fund manages the USD1.25bn UAE government contribution to the Gulf Development Fund, a five-year grant program of the GCC to finance development projects.
Accordingly, the Jordanian government sees Abu Dhabi Fund as an essential partner of its long-term growth efforts, while it has managed allocated concessionary loans and grants.
MENAFN2805201700450000ID1095516831
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