Jordan Kuwait Bank (JKB) and the International Finance Corporation (IFC) hosted a ‘Green and Resilient Buildings Finance’ workshop that was attended by Ejara Leasing Company, Jordan Housing Developers Association, and a number of JKB’s corporate clients.

The workshop aimed at defining and clarifying the investment opportunity for green and resilient buildings in Jordan and presenting new ways to assess, construct, and certify green buildings through an international certification system which follows a standardized certification process.

Mr. Haethum Buttikhi – JKB’s Chief Executive Officer – commenced the workshop by welcoming the IFC and participants, stating: “In line with Central Bank of Jordan’s Green Finance Strategy, and in acknowledging our role in contributing to Jordan Vision 2025 on a local level and the Sustainable Development Goals on a global level, we at JKB have and shall continue to be a strong supporter and advocate for the adoption of the best global practices in the green financing field and raising awareness over climate change, working towards establishing a culture of sustainability according to global standards and to operate responsibly to deliver ESG value for our stakeholders.”

JKB is currently one of the largest banks supporting and funding the energy sector in the local market, and in collaboration with IFC is looking to provide green and resilient building finance on different scales, whether for retail, SMEs, companies, or mega projects.

IFC’s team, comprised of Mr. Rusmir Music, Operations Officer, and Ms. Nouma Dione, Operations Officer, explained that a program that combines technical assistance, and financing for partner banks can help open the market for green and resilient buildings in Jordan.

IFC’s experience in Colombia, where a similar program was implemented, is a good example of market transformation. Green construction now accounts for 20% of new construction in the country.

“Jordan has the potential to become a center of excellence for green and resilient construction in the region,” said IFC’s Country Manager for the Levant, Abdullah Jefri. “Together with our partners, we will continue to support the country’s vision to grow green and address climate challenges with innovative solutions.”