Saudi Arabia Grants Jordan $489 Million for Projects, Petra Says

Saudi Arabia approved $487 million in grants to Jordan for project finance, Petra reported, citing Prime Minister Abdullah Ensour.

Saudi Arabia will approve an additional $300 million for Jordan by year end and deposit $250 million with Jordan’s central bank to finance projects under next year’s budget, the state-owned news agency said.

The grants are part of $1.25 billion in assistance Saudia Arabia pledged to Jordan over the next five years, Petra said.

To contact the reporter on this story: Mohammad Tayseer in Amman at mtayseer@bloomberg.net

To contact the editor responsible for this story: Andrew J. Barden at barden@bloomberg.net

Bloomberg reserves the right to edit or remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.