Jordan and the UAE sign $2.3bn railway deal for development, linking mines to Aqaba by 2030.

Jordan and the UAE have signed four investment agreements totaling $2.3 billion to develop a railway connecting Jordan's mining areas to the port city of Aqaba. This initiative is part of a broader $5.5 billion investment package aimed for completion by 2023. Expected to be operational by 2030, the railway will enhance Jordan's export capabilities for phosphate and potash, while creating jobs and boosting economic growth.

September 04, 2024
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