SJIF hails Cabinet decision to include its healthcare project under investment fund law

SourceJordan Times

AMMAN — The Saudi Jordanian Investment Fund (SJIF) on Sunday expressed appreciation for the Cabinet’s decision to include its healthcare project under Jordan Investment Fund Law No.16 of 2016. Based on the build-operate-transfer (BOT) agreement, the ownership of the project will be transferred to the Jordanian government after the end of the operation period, as the SJIF will obtain the required licences and approvals from the relevant government agencies and institutions before signing the investment contract. The fund, in a statement, expressed appreciation for the government’s keenness to ease all obstacles hindering investments and enhance Jordan’s economic cycle and create new jobs for young Jordanians. SJIF CEO Omar Wir said that the $400-milion healthcare project compromises a university hospital with a capacity of 300 beds, 60 external clinics, as well as a medical more...