EU to mobilise investments to Jordan worth 2.5b euros for years 2021-2027

EU to mobilise investments to Jordan worth 2.5b euros for years 2021-2027

AMMAN — The Ministry of Planning and International Cooperation on Monday announced the EU’s intention to mobilise investments to  Jordan worth 2.5 billion euros, including 164 million euros in grants for the current year, as part of the EU-Jordan Association Agreement for the years 2021-2027.

Speaking during a joint press conference with European Commissioner for Neighbourhood and Enlargement Olivér Várhelyi, Planning Minister Nasser Shraideh said that these grants will cover support for a number of sectors, including the water, energy, transport and infrastructure sectors, and stimulate investment in mega projects in partnership with the private sector.

Jordan and the EU have agreed on two projects to be implemented during the next phase: The rehabilitation of the King Hussein Bridge and the establishment of logistical services, to facilitate trade exchange between the Kingdom and the West Bank.