AMMAN — Saudi Arabia's wealth fund agreed to invest $400 million in
a medical facility and a university hospital in Jordan, Al-Ghad News reported.
اضافة اعلان
The Jordanian government signed an
agreement with the Saudi Jordanian Investment Fund (SJIF) on Monday. Saudi
Arabia's Public Investment Fund (PIF), which manages $480 billion in assets,
owns a majority stake in SJIF.
The $400 million project in Jordan
is on a Build, Operate and Transfer of Ownership (BOT) system, where ownership
will revert to the Jordanian government at the end of the operating period, as
the project is covered by the provisions of the Jordan Investment Fund Law.
The project, which will be implemented
by the SJIF, consists of a university hospital with a capacity of 300 beds, 60
outpatient clinics and an emergency care building, and a medical university
with a capacity of 600 seats, at a rate of 100 seats per each academic year. It
is expected to provide 5,000 job opportunities.
The medical university will operate in
partnership with renowned medical schools in Britain and the US.
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