Amman, Jordan (June 2008) – Stemming from its belief in the essential role public-private partnerships play in the development of societies and nations, Jordan Dubai Capital (JD Capital) participated in the 2nd Annual Public-Private Partnerships Middle East and North Africa Summit held in Amman under the patronage of HE the Prime Minister, Engineer Nader Dahabi, and organized by the Executive Privatization Commission in cooperation with City and Financial Conferences.

JD Capital’s participation in this event reflects its belief in the importance of the public-private partnerships – a strategy aligned with the vision of HM King Abdullah II, who is striving to foster an environment supportive of these partnerships in order to achieve the best for Jordan and its people.  This participation also affirms JD Capital’s commitment towards developing the Kingdom’s infrastructure through its efforts to develop the energy sector, particularly given the significant role the company played in its privatization, in addition to its contribution to develop several other investment sectors, including the real estate, tourism and mortgage financing sectors.

JD Capital’s experience was presented by Mr. Ismail Tahboub, Senior Vice President at JD Capital, during a discussion session on public-private partnership projects in the infrastructure sector.  Mr. Tahboub stressed the vital role the private sector plays in the infrastructure projects implemented by the state in terms of relieving the responsibilities of planning and implementation off the government’s shoulders, in addition to fully handling any risks that might arise at any stage in the implementation, thereby allowing the government to lend its full attention to the end result and the value provided to citizens.

Mr. Tahboub also discussed JD Capital’s partnership experience with the public sector through its investment in the energy sector and noted its achievements in this regard, through energy investment arm JD Energy & Infrastructure (JDE&I), which focuses on investments and consulting in the energy sector and the development of infrastructure projects locally and regionally.

Mr. Tahboub added, “JD Capital will persevere with its efforts to build and enhance the capacity and skills of human resources in the sector to attain international standards and become a model for excellence for other economic sectors.  We are determined to be a major player in Jordan’s social and economic development.”
The Summit was attended by a number of Jordanian ministers and other prominent Jordanian figures as well as representatives from the World Bank, the European Union and USAID, distinguished participants from Saudi Arabia, UAE, Lebanon, Egypt, Oman and Libya, in addition to representatives from Greece, the UK and other countries.  The Summit highlighted the latest developments in public-private partnerships in the MENA region, in addition to showcasing Jordan’s experiences and achievements in terms of creating an environment conducive to investments and introducing laws to attract investments from different countries.