Jordan, UAE sign soft loan agreement worth $100m | Business | Ammon News


Jordan, UAE sign soft loan agreement worth $100m


[11/20/2018 4:42:12 PM]

AMMONNEWS - Khalifa Fund for Enterprise Development and Crown Prince Foundation (CPF) singed a concessional loan agreement worth $100 million to support Innovation, entrepreneurship sector and development projects in Jordan.

His Majesty and Sheikh Mohamed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the United Arab Emirates (UAE) Armed Forces witnessed the signing of the agreement.

The agreement aims at supporting efforts that contribute in promoting economic growth and achieving social and economic development, since the CPF focuses on tapping the potential of Jordanian youth nationwide and concentrates on their innovation, skills and community service.

The agreement was signed by CEO of the Khalifa Fund for Enterprise Development, Hussein al-Nuwais and president of the Crown Prince Foundation's board of trustees, Fawaz al-Zu'bi.

The agreement will fund 22 thousand projects which are going to create 28 thousand job opportunities for Jordanian youth, as 47 per cent of the projects are allocated for the Jordanian women, al-Nuwais said.

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