Economics
Saudi Arabia Follows Post-Oil Blueprint With Jordan Plan
- Deal on nuclear power cooperation, uranium extraction expected
- Jordan's economy is struggling with influx of Syrian refugees
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Saudi Arabia and Jordan agreed to set up a joint coordination council that will oversee investments by the Saudi Public Investment Fund.
The fund’s investments will be the largest in Jordan in decades and "will unblock billions of dollars" for the Hashemite kingdom, Bassem Awadallah, King Abdullah II’s special envoy to Saudi Arabia, said by phone from Amman. Agreements on nuclear power cooperation and on uranium extraction are also expected to follow, he said.