The announcement of the largest investment project between Jordan and Saudi...

The Saudi ambassador to Amman, Nayef bin Bandar Al-Sudairy, announced the largest investment project in the history of Jordanian-Saudi relations.

Al-Sudairy said in a televised interview that the project is a railway linking Aqaba and Amman.

Al-Sudairy also indicated that the volume of trade exchange between Jordan and Saudi Arabia amounted to $ 5 billion last year, indicating that Saudi Arabia is looking to increase it in the coming years.

Jordan and Saudi Arabia have a joint investment fund, with Riyadh owning 90% of its capital and 10% for Jordanian banks.

And last week, the Fund approved a healthcare project to establish a hospital and a medical university in Amman, with an estimated cost of $ 400 million.

Al-Sudairy expected that the project would provide about 5,000 job opportunities, as it would attract 600 medical students and provide 300 beds.

Source: Jordan’s “Kingdom” channel

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