Zain Jordan to Invest 80 Million Dinars in 2012, Times Says

Zain Jordan (ZAIN), a unit of Kuwait-based Mobile Telecommunications Co., plans to invest 80 million dinars ($113 million) in 2012 to develop services, the Jordan Times reported, citing Chief Executive Officer Ahmad Al Hanandeh.

The investment will help expand network coverage, mainly to meet increasing demand on high-speed Internet, he told the newspaper.

To contact the reporter on this story: Nayla Razzouk in Dubai at nrazzouk2@bloomberg.net;

To contact the editor responsible for this story: Maher Chmaytelli at mchmaytelli@bloomberg.net

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