CrownHomepage
Official website of His Majesty King Abdullah II ibn Al Hussein
935a0def48ff0d1979324d773278f945
Df667161a3ae432b669e7879e676a70b
9cb9ed4f35cf7c2f295cc2bc6f732a84
13019fc8997b04326425e0c525115724
8f6242793017047d373f29f270388ba9
Press Room
News Room

News Release
Media & Communication Directorate
Royal Hashemite Court (Jordan)


King Receives American Investors and City Bank Group
Amman, 13 July 2003



© Royal Hashemite Court Archives
His Majesty King Abdullah II met on Sunday a delegation representing City Bank group and the U.S. Overseas Private Investment Foundation led by City Bank Deputy Board Chairman Anthoni Nilsson.

Talks during the meeting focused on the U.S. foundation's contribution to back major development projects to be carried out in Jordan in the coming few years.

The King affirmed the importance of the local and foreign private sector's role in supporting economic development and financing great project.

Nelson briefed the King on the areas where national economy can benefit most through long term financial guarantees offered by the foundation and can withhold political and economic risks. Such guarantees could amount to $400 million to encourage foreign investment in various infrastructure projects in the Kingdom.

During the meeting, which was attended by Ministers of Royal Court and of Planning, Nelson noted the inviting economic ambiance in Jordan in the wake of the favourable legislation and the economic performance which has proved to be much stronger in face of regional and international instability.