Qatar is expected to set up a one-billion-U.S. dollar fund to invest in Jordan, the official news agency Petra reported Thursday.
"Qatar is expected to deposit no less than one billion U.S. dollars in this ambitious fund. Jordan will provide diverse investment regulations to facilitate success of this process," Jordan's Prime Minister Nader Dahabi was quoted as saying.
"This cash will fund crucial tourism, services and agriculture ventures," Dahabi told a radio program named "Ask Government" aired on Wednesday night.
The premier further revealed that a Jordanian economic delegation will fly to Doha Thursday to discuss setting up a joint investment fund and handle concerned preparatory arrangements of areas eligible for profitable investments."
Dahabi has just finished a visit to Doha to pave the way for King Abdullah II's forthcoming visit to the Gulf country.
Jordan has been seeking funds from Gulf Arab states to boost its economy. However, with a financial turmoil sweeping much of the world, Jordan has begun to worry that the crisis may reduce the inflows of investments from the oil-rich region.
Source: Xinhua
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