ADFD Financed and Managed AED5.1bn projects in Jordan
Since commencing operation in Jordan in 1974, Abu Dhabi Fund for Development (ADFD) has funded 11 development projects worth AED507 million and managed 17 government grants to the tune of AED4.610 billion.
This takes the total number of projects supported and managed by the Fund in the kingdom to 28 projects with a total project outlay of AED5.117 billion. These projects cover multiple sectors including mining, water and irrigation, energy, healthcare, housing, education, agriculture and transportation.
To help the Jordanian Government tackle its surging energy demand, ADFD has supported a number of projects in energy sector, such as:
LPG Terminal in Aqaba City: A dedicated terminal for handling LPG is being constructed in Aqaba in line with the best practices and global safety standards. The project aims to help the Kingdom meet its LPG demand and increase its LPG handling capacities.
Construction of Storage Facilities for Petroleum Derivatives: The project aims to increase Jordan’s storage capacities for petroleum derivatives by 60%, helping the country achieve oil security and create 200 new job opportunities.
In the Transportation Sector, ADFD financed the construction of a network of roads including international thoroughfares, ring roads in different provinces and a large network of rural and agricultural roads, strengthening Jordan’s civil infrastructure and facilitating easy movement of people and goods between Jordan and the rest of the region and the world.
These projects allowed Jordan to create a favorable climate for investment and reduce the number of road accidents, while also enhancing the competitiveness of the national economy. Some of the important projects supported by ADFD include:
Road connecting Al Azraq with Syrian border
Amman development corridor project
Construction, expansion and improvement of roads
Commenting on the distinguished relations between ADFD and the Government of Jordan, His Excellency Eng. Imad Fakhoury, Minister of Planning and International Cooperation in Jordan, said: “Jordan and the UAE maintain deep-rooted ties that have grown from strength to strength over years due to the continued engagement between His Majesty King Abdullah II Ibn Al Hussein, His Highness Sheikh Khalifa bin Zayed Al Nahyan, President of the UAE, and His Highness Sheikh Mohamed Bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces. This engagement has had a positive impact on both countries and has been translated into many successful development projects.”
Lauding the UAE’s crucial role in promoting economic development in Jordan, Fakhoury wished the UAE further progress and prosperity under the wise leadership of His Highness Sheikh Khalifa bin Zayed Al Nahyan. He also thanked ADFD for its continued support of Jordan’s development since 1974, and for standing by the country to address its various economic and social challenges through financing development projects aligned with the Jordanian government’s development priorities.
ADFD’s funded development projects in Jordan have contributed to enhancing the social and economic standards of Jordanians and boosting the government’s development goals and plans.