Saturday 9 June 2012

Qatar to pay $1.25b to Jordan through GCC fund — Hassan | The Jordan Times

Qatar has pledged to pay its $1.25 billion contribution to the Gulf fund to Jordan soon, a senior official said on Saturday.

The fund was allocated by the Gulf Cooperation Council (GCC) during last year’s summit to support development projects in the Kingdom.

Saudi Arabia, the UAE, Kuwait and Qatar decided to extend $5 billion over a five-year period to support development schemes in Jordan. Each GCC nation will pay $1.25 billion.

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