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The Jordanian cabinet has green‑lit a JD400 million sukuk issuance under the Global Arab Market (GAM) framework, signaling confidence in the country's fiscal strategy and a push to attract regional investors. Finance Minister Ayman Safadi used the same briefing to underscore Jordan’s unwavering support for Saudi Arabia, reinforcing the political and economic partnership that underpins much of the kingdom’s foreign policy.
Meanwhile, King Abdullah II has left Amman for back‑to‑back state visits to Malaysia and Australia, a diplomatic tour aimed at deepening trade, energy cooperation and security ties with key Asian partners. The visits come as Jordan seeks to diversify its economic allies and secure new investment streams amid regional turbulence.
Why it matters: The sukuk issuance will provide the government with low‑cost financing for development projects, while the strong Saudi alignment helps maintain regional stability and access to aid. The king’s trips could open new markets for Jordanian exports and bolster tourism, offering a hedge against economic pressures at home.
What to watch next: Monitoring subscription levels for the JD400 million sukuk will reveal investor appetite. Follow any joint statements or agreements emerging from the Malaysia and Australia visits, especially on energy, agriculture and security cooperation, as they will shape Jordan’s strategic outlook for the coming year. [[1]]