Published On:February 11 2013
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Jordan and Saudi Arabia signs four agreements to finance development projects

Jordan and Saudi Arabia signs four agreements to finance development projects Jordan and Saudi Arabia have signed four agreements to finance development projects at a total of $299.4 million (around JD212.36 million).

Of the $299.4 million, $42.4 million will be used to finance economic development zones’ infrastructure, while $62 million will fund technical community colleges and university infrastructure development projects, Planning Minister Jafar Hassan told journalists following the signing ceremony.

A total of $75 million will be used to finance the establishment of Al Shiddiyeh Railway, which is part of the national railway project. The remaining $120 million will be used for the reconstruction of the road linking the central city of Zarqa with the Jordanian-Saudi border at the Omari crossing point.

Source: Albawaba


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