Mubasher: Jordan signed a Memorandum of Understanding (MoU) with the European Bank for Reconstruction and Development (EBRD) for an infrastructure investment programme of more than EUR 2.8 billion ($3.34 billion).

The target is to support economic growth and strengthen the country’s resilience, as well as the plans to upgrade existing and develop new infrastructure.

“The EBRD has been an instrumental partner in supporting the country’s capital agenda, investing over EUR 1 billion in Jordan,” said the minister of planning and international cooperation Imad Najib Fakhoury.

EBRD is also set to start accelerator programme in Jordan with Oasis500, aiming at creating a business environment conducive to seed and venture capital investments with EUR 2 million to support advisory services for beneficiaries of Oasis500 and Flat6Labs accelerators.