Scattered Clouds
clouds

18 April 2024

Amman

Thursday

71.6 F

22°

Home / Business

Jordan, UAE sign soft loan agreement worth $100m

20-11-2018 04:42 PM


Ammon News - 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 28 thousand job opportunities for Jordanian youth, as 47 per cent of the projects are allocated for the Jordanian women, al-Nuwais said.




No comments

Notice
All comments are reviewed and posted only if approved.
Ammon News reserves the right to delete any comment at any time, and for any reason, and will not publish any comment containing offense or deviating from the subject at hand, or to include the names of any personalities or to stir up sectarian, sectarian or racial strife, hoping to adhere to a high level of the comments as they express The extent of the progress and culture of Ammon News' visitors, noting that the comments are expressed only by the owners.
name : *
email
show email
comment : *
Verification code : Refresh
write code :