VOL. XL No. 1621-April-1997


IFC Invests $18Mn In Jordan's Tourism Sector

The International Finance Corporation (IFC), the private-sector affiliate of theWorld Bank, announced on 15 April that it has approved a $15mn loan and a $3mnequity investment in Zara, a Jordanian tourist company, to develop two hotel andbusiness complexes in Amman and the Dead Sea. The 312-room hotel and businesscomplex in Amman will be managed by Hyatt International. The wellness center and231-room hotel complex on...