Qatar is ready to fund development projects in Jordan and Morocco, two countries that will benefit from a fund created by the Gulf Cooperation Council during its December 2011 summit.
The Gulf Development Fund will have $5 billion, of which Qatar will reportedly shoulder $1.25 billion. Morocco and Jordan, whose membership requests are being considered by GCC, will each get $2.5 billion.
Jaafar Hassan, the Jordanian planning and international cooperation minister, told local media that a gas storage terminal scheme in his country is one of the projects Qatar is keen to support. He disclosed that senior GCC officials are meeting this month to agree on an action plan for financing projects in Jordan.
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