Amman, Aug. 26 (Petra) — Abu Dhabi Fund for Development
Director-General Mohamed Suwaidi praised Jordan’s investment
environment, describing the Kingdom as an attractive destination for
investors and highlighting recent legislative reforms aimed at
boosting investment.

Speaking to the Jordan News Agency (Petra) on Wednesday, Suwaidi said
the reforms have strengthened Jordan’s investment framework and are
expected to create a more favorable environment for attracting
additional investment to the Kingdom.

He described the partnership between the fund and Jordan as one of
its most successful relationships with governments, expressing
intention to further strengthen it in line with the strategic ties
between the United Arab Emirates and Jordan.

Suwaidi highlighted the historic nature of the partnership, which
dates to 1974 and has involved financing numerous development
projects in Jordan.

He added that evaluations of the projects financed by the fund over
the years have demonstrated their success and their significant
contribution to Jordan’s economic and development progress.

Earlier, the government announced that the Abu Dhabi Fund for
Development will finance vocational and technical education and
energy projects in Jordan worth $110 million, in addition to
providing $300 million in new concessional financing to support the
Kingdom’s general budget.

//Petra// NQ