Saudi investments in Jordan at $13bln, says ambassador
shahennews
– Saudi Arabia is among the top foreign investors in Jordan with investments amounting to $13 billion, according to the country’s ambassador in Amman, Nayef bin Bandar Al-Sudairy.
In an interview with the Jordan News Agency (Petra), the ambassador indicated that Saudi Arabia is among the top three investors in Jordan’s transport, infrastructure, energy, financial, commercial, and tourism sectors.
Al-Sudairy spoke about the contributions of the Saudi Jordanian Investment Fund which has a capital of $3 billion and owned by the Saudi Public Investment Fund (90pct) and 16 Jordanian banks with a combined 10-percent stake.
He noted that the fund plans ambitious projects, such as the health care project which entails an initial investment of about $400 million, and comprises the construction of a 300-bed university hospital and 60 outpatient clinics, and a medical university with a 100-per annum seat capacity.
On trade cooperation between the two countries, the ambassador indicated that Saudi Arabia is the top trading partner for Jordan, noting that bilateral trade exchange amounted to about $5 billion in 2020 despite the coronavirus crisis.
//Petra// AA
