Leaders of Saudi Arabia, Kuwait, Jordan and the United Arab Emirates discuss ways to shore up Jordanian economy
Four-party summit culminates in USD 2.5 bln. aid package to Jordan
JEDDAH-- Leaders of Saudi Arabia, Kuwait and the United Arab Emirates approved an aid package amounting to USD 2.5 billion to Jordan over the coming five years.
The funds include a deposit at the Central Bank of Jordan, crediting guarantees for the World Bank, financing for the development projects and annual assistance for the Jordanian government over the coming five years, according to a final communique issued after the four-party summit late Sunday night.
King Abdullah II, of Jordan, expressed gratitude to Saudi King Salman bin Abdulaziz Al Saud for his kind initiative to convene the summit, and Kuwait and the UAE for responding to King Salman's call.
He also thanked the three countries for the robust aid package that will help Jordan overcome the current economic difficulties.
The summit meeting gathered King Salman, His Highness the Amir of Kuwait Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah, Jordanian King Abdullah II and Sheikh Mohammad bin Rashed Al Maktoum - the Vice President and Prime Minister of the United Arab Emirates and the Ruler of Dubai.
His Highness the Amir is accompanied by Deputy Prime Minister and Foreign Minister Sheikh Sabah Khaled Al-Hamad Al-Sabah, Deputy Prime Minister and Minister of State for Cabinet Affairs Anas Al-Saleh, Chief of Staff of His Highness the Amir's Office Ahmad Fahad Al-Fahad, Chief of Amiri Protocol Dept. Sheikh Khaled Al-Abdullah Al-Sabah and Deputy Foreign Minister Khaled Al-Jarallah.