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$100m Jordan-UAE investment fund for promising entrepreneurial projects

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(File photo: Jordan News)
AMMAN  — Prime Minister Bisher Al-Khasawneh, on Wednesday, attended the launch of a $100 million investment capital fund in the field of technology, in cooperation between the Ministry of Digital Economy and Entrepreneurship and the UAE's Abu Dhabi Developmental Holding Company (ADQ), according to the Jordan News Agency, Petra.اضافة اعلان
 
 The Prime Minister said that the launch of the Jordanian-UAE investment fund is part of a set of agreements and understandings between the two countries and within the framework of the deep-rooted bilateral ties led and sponsored by His Majesty King Abdullah and His Highness Sheikh Mohammed bin Zayed Al-Nahyan.
 
 "We are pleased to sign a memorandum of understanding between the Ministry of Digital Economy and Entrepreneurship and the ADQ to establish a fund for entrepreneurship and innovation, continuing the memoranda of understanding and agreements signed earlier in Aqaba," the Prime Minister said during the signing ceremony.
 
 "I was honored to preside over the Jordanian delegation to launch the integrated industrial partnership initiative for sustainable economic development, which was initiated by His Highness Sheikh Mohammed bin Zayed, President of the UAE, and aims to cooperate between the Jordan, the UAE, and Egypt to create a state of economic integration and replacement that benefits from values added in the three countries" Khasawneh added.
 
 The Premier reaffirmed his confidence that "this initiative will be the first to expand this partnership to include other parties and areas that will benefit the peoples of our countries and the entire region."
 
 "We and our people in the UAE always complement each other, and we have exceptional bonds and relations sponsored by His Majesty King Abdullah and His Highness Sheikh Mohammed bin Zayed" Khasawneh concluded.
 
 The fund's launch comes within the strategic industrial partnership between Jordan and the UAE.
 
 The fund aims to support high-growth technology companies and promote the continued digital prosperity of the economy by financing start-ups in the field of technology and leading companies in specialized innovations in information technology, communication, and financial services, in addition to education, food, agriculture, health, life sciences, transportation, logistics, and clean energy technology.
 
 The agreement was signed by Minister of Digital Economy and Entrepreneurship Ahmad Hanandeh, ADQ Managing Director and CEO Mohamed Hassan Alsuwaidi.


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