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