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FinancialNews
11-02-19
Jordan inks deal to set up USD700m railway
(MENAFN) Jordan announced the signing of a memorandum of understanding on the construction of a USD700 million railway network in the Kingdom.
According to a joint statement, the Saudi Jordanian Investment Fund (SJIF) penned the agreement with the Aqaba Special Economic Zone Authority (ASEZA).
Under the deal, Aqaba's seaports will be linked to a dry port that is set to be established in Ma'an governorate.
This move will be shaping the way for the launch of stage one of the planned Jordanian national railway network.
The initiative consists of setting up a railway line within Aqaba to link it with the southern seaport and container terminal with the current one.
MENAFN1102201900450000ID1098100670
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