Jordan Kuwait Bank announced the signing of a joint financial settlement agreement with INVESTBANK and Capital Bank, supporting the Jordan Projects For Tourism Development Group to ensure the continued investment and operational sustainability of the Tala Bay project in Aqaba.
This agreement reflects Jordan Kuwait Bank’s commitment to contributing to impactful national development priorities and supporting strategic sectors with long-term value, particularly the tourism sector, which plays an essential role in driving growth, supporting the local communities, and enhancing Jordan’s position as a leading tourism destination.
The agreement represents a key financial restructuring step that ensures the continued implementation and long-term investment momentum of the project. It is expected to help restore investor confidence, enhance the project’s operational performance, and further strengthen Tala Bay’s positioning as a leading regional and local tourism destination.
Jordan Kuwait Bank emphasized the importance of collaboration between the banking sector and national tourism entities, highlighting the value of public–private partnerships in supporting sector growth, reinforcing strategic investments, and contributing to the stability and competitiveness of the national economy.
Tala Bay is recognized as one of Aqaba’s most prominent tourism and leisure destinations, providing an integrated resort experience with advanced facilities and services that enhance tourism offerings and attract local and international visitors.
Jordan Kuwait Bank reaffirmed its commitment to supporting strategic investments aligned with the Kingdom’s economic priorities, and its ongoing role in advancing sustainable development, promoting tourism sector competitiveness, and supporting national tourism growth.