AMMAN, Aug 29 (KUNA) -- The delegation of Kuwait Fund For Arab Economic Development (KFAED) is continuing its talks with Jordanian officials over Kuwait's grant approved by the Gulf Cooperation Council (GCC) to Jordan to fund its development projects for the next five years.

The discussion, headed by Kuwaiti Ambassador to Jordan Dr. Hamad Al-Duaij and Secretary General of Jordan's Ministry of Finance, Dr. Omar Al-Zoubi, took place here at the Ministry of Finance.

During the meeting, Dr. Al-Duaij stressed the depth of the brotherly relations between the State of Kuwait and Jordan, praising the atmosphere of stability that Jordan enjoys, which makes it suitable for such investments.

Ambassador Al-Duaij and Dr. Omar Al-Zoubi discussed development projects of priority for the Jordanian government, which will be implemented through the Kuwaiti grant in a framework of financial contributions made by the GCC countries.

Dr. Al-Duaij told KUNA after the meeting that the Kuwaiti government will allocate USD 250 million annually for the next five years, which will be disbursed through KFAED for development of projects specified by the Jordanian government.

In addition, the delegation includes KFAED Economic Consultant Tariq Al-Munayes, Engineering Advisor Dr. Hani Al-Ghawas, Engineering Advisor Waddah Shahata and Legal Advisor Mohammad Al-Omani.

Jordan had set a group of development projects given to the contributing GCC countries (Kuwait, Saudi Arabia, Qatar and the United Arab Emirates) to take advantage of the five-year grant that is worth a total of USD five billion. (end).

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