PIF-backed Saudi Jordanian Investment Fund aims to invest $3bn in Jordan

The fund has signed an agreement with Jordan to invest $400 million in a healthcare facility in the country (Shutterstock)
Short Url
Updated 07 June 2022
Follow

PIF-backed Saudi Jordanian Investment Fund aims to invest $3bn in Jordan

RIYADH: The Saudi Jordanian Investment Fund aims to invest $3 billion in Jordan, the CEO said in an interview with Al-Arabiya.

The organization was established by Saudi Arabia’s Public Investment Fund, which owns 92 percent of its share capital, along with 16 Jordanian banks, Omar Al-War added. 

He explained that the objectives of the fund, which was established in 2017, include investing in infrastructure and development projects in Jordan.

Most recently, the fund has signed an agreement with Jordan to invest $400 million in a healthcare project in the country.

The project comes in partnership with the UCL Medical School, as an academic partner to provide education and research advice in medicine and health, and UCLA Health as a clinical partner. 


King Abdulaziz Airport among world’s busiest after record-breaking 2025

Updated 02 January 2026
Follow

King Abdulaziz Airport among world’s busiest after record-breaking 2025

RIYADH: King Abdulaziz International Airport has achieved a new historical milestone, reaching 53.4 million passengers in a single year.

This is the highest number ever recorded at a Saudi airport since the beginning of air travel in the Kingdom, placing it among the world’s mega airports in terms of passenger traffic, according to the Saudi Press Agency.

The airport handled a total of 310,000 flights and 60.4 million bags, representing a 12 percent increase compared to 2024. It also handled 9.57 million Zamzam water containers and 2,968 cargo flights. 

This achievement reflects the airport’s qualitative transformation and its position as a regional hub and national gateway connecting the Kingdom to the world. It also highlights its role in facilitating the movement of visitors and pilgrims, promoting tourism in line with the goals of Vision 2030, diversifying the economy, and providing a distinguished travel experience. 

For his part, CEO of Jeddah Airports Co. Mazen Johar, affirmed that reaching 53.4 million passengers confirms the airport’s high operational readiness and represents a pivotal milestone for moving to the next phase, in preparation for doubling this number, God willing, in the coming years. 

He pointed out that this national achievement would not have been possible without the grace of God Almighty, followed by the directives of the wise leadership and the continuous follow-up from the minister of transport and logistics, the president of the General Authority of Civil Aviation, and the CEO of Airports Holding Co. 

He explained that King Abdulaziz International Airport is strengthening its position as a major aviation hub in the region through expansions, increased capacity, and improved services, supporting the objectives of the aviation program and aligning with the goals of the Kingdom’s Vision 2030. 

The CEO of Jeddah Airports Co. expressed his gratitude to the partners in success from various government and private sectors for their fruitful cooperation through a collaborative work system that contributed to providing the best services.