KSA, Kuwait and the UAE will provide economic aid worth US$2.5 billion to Jordan, the Saudi Press Agency has reported. The decision was made after a meeting in Makkah, KSA to discuss the economic crisis in Jordan attended by the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud of KSA, King Abdullah II bin Al-Hussein of Jordan, Emir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah of Kuwait and VP and PM Sheikh Mohammed bin Rashid Al Makhtoum of the UAE, who is also Ruler of Dubai.
Based on the bonds among the four countries as well as the Arab and Islamic values and principles, the three countries will:
- Make a deposit at the Jordanian Central Bank.
- Provide guarantees for the World Bank in the interest of Jordan.
- Support the Jordanian government’s budget annually over the coming five years.
- Finance developmental projects.