Saudi Arab, Kuwait and UAE ready to Help Jordan

Saudi Arab, Kuwait and UAE ready to Help Jordan

Jordan is facing extreme economic crisis in this regard, Saudi Arabia, the UAE and Kuwait and willing to help Jordan with $2.5 billion. The statement came following a meeting attended by King Shaikh Mohammad Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai.

The official Saudi Press Agency said.

In light of the close brotherly ties… it was agreed that the three countries would provide an economic aid package to Jordan totaling $2.5 billion

Budgetary backing and finance for development projects are included in the package. The provision comes at a critical time, yet economists say it would only be a temporary fix for Jordan’s economy, because a budget deficit and unemployment stands at more than 18%.


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