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    08-Feb-2021

Volume of Saudi investments in Kingdom stands at $13 billion — ambassador

 

The Jordan Times

 

AMMAN — Saudi Arabia is among the top foreign investors in Jordan with investments amounting to $13 billion, Saudi Ambassador in Amman Nayef Bin Bandar Al Sudairy said on Sunday.
 
In an interview with the Jordan News Agency, Petra, the ambassador said that Saudi Arabia is among the top three investors in Jordan's transport, infrastructure, energy, financial, commercial and tourism sectors. 
 
Sudairy also referred to the contributions of the Saudi Jordanian Investment Fund with a capital of $3 billion. The fund is 90 per cent owned by the Saudi Public Investment Fund and 10 per cent owned by 16 Jordanian banks, he noted.
 
He added that the fund has plans to undertake “ambitious projects”, an example of which is a project in healthcare having an initial investment of about $400 million, and entailing the construction of a 300-bed university hospital and 60 outpatient clinics, in addition to a medical university with a capacity of 600 seats.
 
As for commercial exchange, the diplomat said that Saudi Arabia is the first commercial partner of Jordan, noting that the commercial exchange volume totalled $5 billion in 2020. 
 
He said that the two countries are keen on further enhancing bilateral ties, especially at the economic level, in a way that serves joint interests.
 
 

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