During recent high-level deliberation in Brussels, the European Union (EU) has pledged an increase in financial and investment-driven support to Jordan, aimed at bolstering the country's economic growth, a diplomatic source said in Amman Wednesday.

This support is set to transform part of the grants into strategic investments, fostering growth and stability in the region, as well as addressing socio-economic woes; notably poverty and unemployment.

Enhanced Partnership and Financial Aid

Jordan, having positioned itself as a pivotal partner in the region, has successfully secured significant support from the EU.

The EU’s reinforced financial commitment is part of a broader strategy to enhance economic ties and support key sectors within Jordan. The support is not just a continuation but a significant increase, doubling the assistance provided since the onset of the Syrian crisis in 2011.
Jordan hosts around 1.3 million Syrian refugees, according to local estimates.

Targeted Sectors for Investment

Key sectors identified for these investments include digital infrastructure, energy and mega projects.

One notable project is the national conveyor project, which aims to address critical water needs in the second poorest country in water resources worldwide.

Read more: First EU-Jordan business forum to be held in Amman

The EU has already pledged EUR 100 million in grant and an additional EUR 300 million as a concessional loan guaranteed by the grant. Negotiations regarding these terms are expected to commence soon.
This strategic project is designed to desalinate 300 million cubic meters of Red Sea waters to fill in the potable water deficit.

The focus on cyber security highlights the EU’s commitment to helping Jordan advance in technological resilience and business security, noted the source.

Future Prospects

The enhanced partnership between Jordan and the EU is expected to bring long-term benefits, fostering economic stability and growth. By transitioning gradually from grants to investments, the EU aims to create sustainable economic opportunities, ensuring that Jordan continues to develop robust economic frameworks.