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GET /search

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GET /search

<form class="form-group form-search" action="/search" method="get">
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 * 21°c
   
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Abu Dhabi, UAEMonday 18 February 2019


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Taylor Heyman

Feb 14, 2019

February 14, 2019

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WORLD BANK CEO AND KING ABDULLAH SLATED TO ATTEND UK CONFERENCE ON JORDAN

Jordanian and British officials are also expected to be joined by high-level
representatives from the GCC

Kristalina Georgieva and other World Bank representatives will attend the London
conference in February. EPA
Taylor Heyman

Feb 14, 2019

February 14, 2019

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Jordan’s King Abdullah and Prime Minister Omar Al Razzaz will attend a
conference later this month in London to attract investment to the kingdom.

The February 28 London conference seeks to highlight Jordan’s economic reforms
and attempts to cut its national debt after its economy was hit badly by the
impacts of wars in Syria and Iraq.

The wars disrupted trade routes and investment and led to an unprecedented
influx of refugees.

The country is hoping to attract investment for its tourism, information
technology, logistics and professional services sectors.



Kristalina Georgieva, interim president and CEO of the World Bank, will also
attend with the invitation list including CEOs and finance ministers.

Mr Al Razzaz trumpeted Jordan’s progress at Davos last month telling CNBC it was
time to look forward. “We've taken the fiscal measures that we need to take,
we've taken the governance measures, we have very transparent procurement laws,”
he said.


READ MORE

Jordanians pin hopes on rebuilding opportunities in Syria

UAE and regional allies discuss common stance in Jordan

The UK’s Minister for the Middle East Alistair Burt said that Jordan was already
a “beacon of stability” in a turbulent region.

“Additional private sector investment will help it stand on its own two feet,
become less dependent on aid and more politically and economically stable,” he
said.

Saudi Arabia, the UAE, and Kuwait have pledged US$2.5 billion in aid to Jordan
over the next five years and have been issued invitation to the conference.

Updated: February 14, 2019 07:54 PM


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UAE
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 * Comment
 * The Pope in the UAE

World
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 * Comment

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 * Comment
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 * Wellbeing
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 * Comment

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 * Comment
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