Kuwait's private sector plays key role in Jordan: minister

Kuwait's private sector has been playing an essential role in backing Jordan's economy through carrying out development and infrastructure projects

  
Jordan's Prime Minister Omar al-Razzaz speaks during a news conference in Amman, Jordan June 19, 2018.

Jordan's Prime Minister Omar al-Razzaz speaks during a news conference in Amman, Jordan June 19, 2018.

REUTERS/Muhammad Hamed
LONDON - Kuwait's private sector has been playing an essential role in backing Jordan's economy through carrying out development and infrastructure projects, Kuwaiti Finance Minister Nayef Al-Hajraf said Thursday.
 
Speaking to KUNA on the sidelines of the conference "Jordan: Growth and Opportunity, the London Initiative 2019," Al-Hajraf stressed the importance of Kuwait's support to Jordan's economic stability.
 
He stated that the private sector of Kuwait is the second largest investor to Jordan's economy.
 
He noted that heading the Kuwaiti delegation to the conference comes to show the importance of the event to Jordan's government and to shed light on challenges facing Jordan's economy.
 
On political and economic levels, Kuwait also takes part in several meetings, mainly the hosting of a meeting that included Saudi Arabia, the UAE and Jordan, beside the host country, he pointed out.
 
The minister referred to His Highness the Prime Minister Sheikh Jaber Al-Mubarak Al-Hamad Al-Sabah's visit to Jordan and the visit by Jordan's Premier Omar Al-Razzaz to the country last week as well.
 
Jordanian government officials were keen on Kuwait's participation in the London conference for many reasons, topped with the Kuwait Fund for Arab Economic Development's support to Jordan.
 
Meanwhile, Al-Hajraf held separate meetings with U.S. Treasury Secretary Steven Mnuchin, British Minister of State for Middle East and North Africa Alistair Burt, Saudi Finance Minister Mohammd Al-Jadaan and UAE's minister of state Ahmad Al Sayegh.
 
For her part, Jordan's Minister of Information Jumana Ghunaimat has commended continued support by Kuwait to the Arab issues and its effective participation in humanitarian initiatives.
 
Speaking to the Kuwait TV and KUNA, she said Kuwait is playing a leading role in backing Jordan's economy through some key investments.
 
The conference is featuring more than 60 countries, including Saudi Arabia, the UAE, the UK, Japan, Turkey and Egypt as well as representatives of the European Union, the European Investment Bank, the International Monetary Fund and others. 
 

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