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.