Search DubaiPRNetwork.com

Home >> Real Estate & Retail

ADFD's AED320 Million Allocation to Amman Development Road Ensures Advancements in Infrastructure

Thursday, January 12, 2017/ Editor -  

Share

Home >> Real Estate & Retail

His Excellency Mohammed Saif Al Suwaidi: New road network to encourage urbanization

Abu Dhabi-UAE: 12 January, 2017:  His Excellency Mohammed Saif Al Suwaidi, Director General of Abu Dhabi Fund for Development (ADFD), attended the official opening of the Amman Development Road. The road network connects the capital with the surrounding cities, easing the movement of passengers and goods between Jordan and the countries of the GCC region. 

In line with the framework of the 2013 UAE government grant to the Gulf Development Fund valued at AED4.6 billion (US$1.25 billion), ADFD contributed AED320 million (US$87 million) – 50 percent of AED620 million (US$169 million) that is the total value of the project. 

His Excellency Imad N Fakhoury, Jordan’s Minister of Planning and International Cooperation, His Excellency Sami Halaseh, Jordan’s Minister of Public Works and Housing, His Excellency Bilal Al Bdour, UAE Ambassador to Jordan, and several Jordanian senior officials were present at the opening ceremony.

Praising the new development, His Excellency Mohammed Saif Al Suwaidi said: “the 48 km, Amman Development Road encourages sustainable urbanization of cities close to the capital, and links travellers and truckers with international routes.”  

He added: “One of many collaborations between the UAE and Jordan, this project is a clear demonstration of the strong historic ties our two governments enjoy. ADFD remains committed to funding key economic sectors in Jordan – specifically to develop, modernize and expand infrastructure.”

For his part, His Excellency Sami Halaseh highlighted the impact of the Road in reducing transportation costs, and improving access to agricultural and industrial areas. Furthermore, he commended the UAE government on its continued support of Jordan’s development agenda through ADFD’s strategy of long-term sustainable growth. 

Since 1974, ADFD has successfully funded 31 development projects in Jordan valued at approximately AED5.7 billion.


Previous in Real Estate & Retail

Next in Real Estate & Retail


Home >> Real Estate & Retail Section

Latest Press Release

Etihad Airways Becomes First Airline in Region to Offer Automated Credit Card Pa ...

Anis Sajan, Mentor of Indian Team plots UAE Teams down fall in clash of the tita ...

Dubai Cares reiterates its commitment to ‘Education in Emergencies' on the sidel ...

Full Steam Ahead as India's F&B Market Grows 24% Per Annum: GulfHost 2017 Opens ...

SOUQ.com partners with Honor to bring the beautifully brilliant Honor 9 exclusiv ...

The Academic Arrangement Between Wise Indian Academy and Bhavans

Malabar Gold & Diamonds recognized as the ‘Superbrand' 5th time in a row by Supe ...

QNET Celebrates 19th Anniversary At V-UAE 2017 In Dubai

Acer Middle East Hosts Annual Press Conference in a Futuristic Setting

MICHAEL Michael Kors Fall 2017 Nouveau Novelty Bags

Sharjah's Unique Business Environment Is Making It Increasingly Attractive for F ...

Dubai Health Authority Adopts New Methodology to Promote Staff

Introducing the GUESS Jeans Fall 2017 Advertising Campaign

Investment Opportunities in the GCC-India Corridor Continue to Grow, Says Alpen ...

Mohammed Bin Rashid Space Centre Announce Its Second Edition of the Explore Mars ...

HP Launches Portfolio of Print, PC and Gaming Products at Gitex Conference

The General Civil Aviation Authority (GCAA) Commences the Project

Dubai Government Excellence Program Organizes the 10th edition of Dubai Forum fo ...

Dubai Science Park, The Executive Council of Dubai Set Blueprint for UAE Healthc ...

Hour Choice presents Scuderia Ferrari Primato Collection