Real estate related economic and financial news covering the MENA region.
GCC fund to attract $12bn in investments, says Jordan's planning minister
Jul 05, 2012
The Jordanian minister of planning, Jafar Hassan has said the GCCĺs $5bn fund for Jordan is expected to mobilise $12bn worth of foreign investment in the water, energy and transportation sectors, Jordan Times has reported. The kingdomĺs economy, which relies immensely on foreign investments, tourism, trade and remittances, saw slow growth levels in the past two years, Hassan noted. The economy grew by 3% in the first quarter of 2012, compared with an average of 6% registered in the previous 10 years, he said.