Saudi Arabia finalizes $250m aid package to Jordan

Saudi embassy in Amman and Jordan’s Ministry of Planning and International Cooperation announced the completion of a $250 million aid package. (SPA)
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  • Installment of $38.6m completes five-year deal
  • Funds used to help bolster Jordanian economy

RIYADH: Saudi Arabia has completed a $250 million support package to Jordan, the Saudi Press Agency reported on Tuesday.

The deal, agreed at the Makkah Summit in 2018, was to provide financial aid over a period of five years to help bolster Jordan’s economy. The final installment involved a sum of $38.6 million.

Zeina Touqan, minister of planning and international cooperation, expressed her country’s gratitude to Saudi Ambassador to Jordan Nayef Al-Sudairi and the head of the General Department of International Development Cooperation in the Saudi Ministry of Finance, Abdulmohsen Al-Mutawa.

The financial support had been “pivotal” in maintaining robust relations between the two nations, she said.

Touqan also acknowledged the Kingdom’s support for Jordan’s efforts to provide essential services to Syrian refugees and host communities.

Al-Sudairi reiterated Saudi Arabia’s commitment to supporting Jordan under the leadership of King Abdullah II and Crown Prince Hussein bin Abdullah II.

Its economy was strong and capable of growth despite the many challenges and repercussions that had affected the region, he said.