Middle East Economic Survey

VOL. LIII

No 13

29-March-2010

JORDAN

Jordan Signs Two Loan Agreements For $97Mn

Jordan on 18 March signed two loan agreements with a total value of $97mn. Under the first agreement, the Kuwait Fund for Arab Economic Development (KFAED) will loan KD15mn ($52mn) to Jordans Samra Power Generation Company to finance the third phase of the companys expansion project. The Jordanian government will guarantee the agreement. The project includes the procurement and installation...