The UAE has emerged as one of the top foreign investors in Jordan, with public and private assets totaling nearly 16 billion Jordanian dinars ($22.5 billion), according to the Jordanian Energy and Mineral Resources Ministry.

In a report published by Jordan’s daily Al-Ghad on Wednesday, the Ministry said UAE investment in Jordan have rapidly grown over the past 10 years and a large part of them are in renewable energy projects.

The report showed Abu Dhabi-based Masdar Company is a key investor  in Jordan as it controls nearly 31 percent of Jordan Wind Projects Company (JWPC), equivalent to nearly $90 million out of the estimated total investment of $290 million in the JWPC project.

The report said Masdar has also invested nearly $240 million in a solar power project in Jordan, with a capacity of 200MW.

Another project is Sheikh Zayed solar park in the Southern port of Aqaba at a cost of nearly $150 million, funded by the Abu Dhabi Development Fund.

The report noted that UAE investments were boosted last month by an agreement to provide $400 million to Jordan to fund several projects, including the construction of a $70-million gas network in some industrial zones.

(Writing by Nadim Kawach; Editing by Anoop Menon)


Subscribe to our Projects' PULSE newsletter that brings you trustworthy news, updates and insights on project activities, developments, and partnerships across sectors in the Middle East and Africa.