The Economic Aid Package Extended to AED3 Billion by UAE, Supports Economy of Jordan

UAE signed an agreement with the government of Jordan to extend the economic aid package which is worth AED3 billion for stimulating and supporting the economic growth of Jordan. The allocation for the economic aid will be managed by Abu Dhabi Fund for Development or the ADFD. The economic aid package worth AED3 billion which have been promised by UAE falls within the framework of the Makkah Summit which was held in the month of June this year. In this summit, the UAE, Kuwait and Saudi Arabia agreed to support Jordan with a cash amount of US$2.5 billion for ensuring the development efforts for the economy of the country are on the right track.

This bilateral agreement was signed by UAE Minister of State for Financial Affairs, Obaid bin Humaid Al Tayer and Minister of Planning and International Cooperation of Jordan, Dr. Mary Kamel Kawar. They signed the agreement in the presence of Prime Minister of Jordan Dr. Omar Razzaz, Director of Operations Department at ADFD, as well as senior officials from countries, Adel Al Hosani, and UAE Ambassador to Jordan, Matar Saif Sulaiman Al Shamsi.

The assistance package for the betterment of the economy of Jordan provided by UAE Government is basically based on the strong historic bonds of friendship which continue to exist between both the countries  and are also in line with the directives like Vice President, Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, His Highness Sheikh Mohamed bin Zayed Al Nahyan, and the Vice President, Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum. Before this, the ADFD has already managed 31 development projects which amounted to AED5.6 billion in Jordan till date. These projects are spread over different lifeline sectors like the water and irrigation, mining, transport, agriculture, energy, education, healthcare, and housing.

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