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$5b fund for Morocco and Jordan created
day summit Published in The Saudi Gazette on 21 - 12 - 2011

Gulf states Tuesday announced the setting up of a $5 billion fund for development plans in Jordan and Morocco.
The Gulf Cooperation Council has “decided to create a Gulf development fund which begins by providing support to development projects in the Kingdom of Jordan and the Kingdom of Morocco worth $2.5 billion for each,” the GCC said in a statement.
“The Supreme Council has assigned the finance ministers of its members to study the statute and structures needed to create the fund,” said the closing statement of the GCC two

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