AMMAN — The Jordan Investment Fund
(JIF) and the
Saudi-Jordanian Investment Fund (SJIF) signed on Thursday a
memorandum of understanding that enables the SJIF to invest in the Jordan
National Railway Project, according to Al-Mamlaka TV.
اضافة اعلان
The project proposes constructing a 418km standard-gauge railway linking
the
Aqaba Container Terminal with the land port of Maduna, to be established
south of Amman, to transport containers, phosphates, grains, and machinery.
The memo provides a cornerstone for launching multiple proposals for
various investments in the project, including consultations and discussions
with investment agencies at local and international levels, in line with the size
and nature of the project.
JIF Director-General
Zaher Al-Qatarneh expressed his appreciation to the
SJIF for its continuous interest in the infrastructure and development projects
in Jordan, stressing that the Jordan National Railway Project is a priority for
the government since it would enhance the transportation system and achieve
sustainable development in the sector.
The SJIF was registered in March 2017 as a partnership between the Public
Investment Fund in Saudi Arabia and 16 commercial and Islamic Jordanian banks.
The Saudi fund contributes 92 percent of the SJIF’s capital.
The
three main pillars of the SJIF include infrastructure projects based on
public-private partnerships; new projects in strategic sectors, especially
health care and tourism; in addition to expansionary capital investments in
major and innovative Jordanian companies.
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