Bloomberg News

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

November 28, 2012

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


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