Saudi Arabia Sends $50 MN in Fourth Aid Installment to Jordan

Gulf

April 22nd, 4:35am

Jeddah - Asharq Al-Awsat

The Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud, and Crown Prince Mohammed bin Salman, Deputy Prime Minister and Minister of Defense.

The Saudi Foreign Ministry has disbursed $50 million to Jordan as part of a fourth aid installment to help the country fund its budget. The move came at the directives of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud. At the 2018 Makkah Summit, Saudi Arabia, Kuwait and the UAE approved a package of economic aid to Jordan totaling $2.5 billion by 2023. Each of the three countries agreed to send $50 million annually to Jordan. Saudi Arabia said the move strengthens the fraternal ties between the two Kingdoms and affirms the Saudi permanent backing for the government and people of Jordan to support its development projects in the general budget.

from Asharq AL-awsat https://english.aawsat.com/home/article/3605621/saudi-arabia-sends-50-mn-fourth-aid-installment-jordan