Abu Dhabi Fund Led by Crown Prince Inks $2.3 Billion Jordan Deal

A newly created wealth fund overseen by Abu Dhabi’s crown prince has signed a $2.3 billion pact for a railway project in Jordan, highlighting the role the entity is likely to play in advancing the emirate’s strategic relationships.

L’imad Holding Co. will partner with multiple Jordanian entities to build and operate a railway line connecting phosphate and potash mines to the port of Aqaba, according to a statement Wednesday. Work on the 360 kilometer (220-mile) project is scheduled to begin in 2027 and be completed over five years.