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"We are delighted to announce the appointment of H.E. Samir Al Rifai as CEO of JD Capital. Samir brings a wealth of experience to JD Capital and was approached after a thorough search. His appointment has been made with the blessing of His Majesty King Abdullah II. Jordan is a country with tremendous potential, brimming with opportunities. Dubai International Capital has recognised the huge prospects and has earmarked JD 200 million for projects that will be of benefit to Jordan and to investors of JD Capital,"said Sameer Al Ansari, CEO of Dubai International Capital added while wishing Al Rifai success in his endeavours as CEO of the investment vehicle.
"Jordan's gross domestic product (GDP) has been growing by about 6 per cent per annum on the back of economic reform, market liberalisation, and major free trade agreements with US and EU, and the kingdom's WTO membership." Al Ansari added
"Jordan offers a wealth of investment opportunities, from development projects to buyouts. These have emerged in a variety of sectors, from financial services to aviation. We are confident that by combining Dubai International Capital's experience in managing and developing diverse investment portfolios with expertise in the Jordanian market, JD Capital will provide strong returns for investors and enormous benefit for the local business community."
Great opportunities
JD Capital's incoming Chief Executive Officer, Samir Zaid Al Rifai said: "Jordan's economy has been making steady progress through the implementation of comprehensive economic reforms and restructuring programme. Under the progressive and enlightened leadership of His Majesty King Abdullah II, Jordan today offers a considerable package of economic and political stability, a skilled labour force and developed infrastructure."
Al Rifai brings with him over 17 years of experience in public service, politics, management, Arab and international relations and a keen knowledge of the local Jordanian scene. Born in 1966, he obtained his Bachelors degree in Middle East Studies from Harvard University, then went on to attain a Masters degree in International Relations from Cambridge University in the UK.
Al Rifai started his career in the office of HRH The Crown Prince of Jordan Prince Hasan. In 1999 he was appointed Secretary General of the Royal Hashemite Court where he managed a major programme of administrative and financial restructuring. In 2003, His Majesty King Abdullah II promoted Al Rifai to the position of Minister of the Royal Hashemite Court to act as the main link between His Majesty and the Government. In April of this year Al Rifai was appointed Advisor to His Majesty The King, a position he held until he accepted the position of CEO JD Capital.
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Lara Lynn Golden, News Editor
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