PM Attends Signing if USD60m-Grant Agreement with Saudi Fund

تم نشره في Wed 13 September / Sep 2017. 12:00 AM
  • PM Attends Signing if USD60m-Grant Agreement with Saudi Fund - (Petra)

AMMAN — The government signed with the Saudi Fund for Development on Wednesday, a USD60 million-grant agreement to execute infrastructural projects in Amman, mainly traffic intersections.

The grant agreement, which was signed in the presence of Prime Minister Hani Mulqi, comes as part of Saudi Arabia’s contribution to the Gulf Cooperation Council (GCC) grant to the Kingdom.

The grant agreement was signed by Minister of Planning and International Cooperation Emad Fakhouri and the Saudi Fund for Development vice chairman and managing director, Yousef Ibrahim Bassam.

The agreement includes the construction of 1,370-meter bridges and 220-metre tunnels at three main intersections in Amman. These include the Khraibet Al Souq-Central Market intersection, AL-Hurriah street-Al Quds Street intersection and the Marj Al Hamam intersection on Amman-Dead Sea Road.

During a meeting with Al Baasam, the prime minister voiced the Kingdom's appreciation for the continued Saudi support to Jordan, adding that the GCC support to the Kingdom helped it in addressing challenges resulting from the Syrian refugee crisis.

This support, he added, enabled the Kingdom to overcome challenges and provide basic services to Syrian refugees, mainly in the education and health sectors.

In a press statement following the signing ceremony, the planning minister thanked Saudi Arabia's King, government and people for their continued support to Jordan.

Fakhouri voiced Jordan's keenness to continue cooperation with Saudi Arabia in various domains, pointing to the Saudi USD1.25 billion grant to Jordan that will be used to carry out development projects in various sectors.

In 2011, the GCC's Supreme Council approved a USD5 billion grant to fund development projects in Jordan over a five-year period, shared by Saudi Arabia, the United Arab Emirates, Kuwait and Qatar with USD1.25 billion from each country.