Brussels, 04/11/2011 (Agence Europe) - The European Investment Bank (EIB), the Jordan Enterprise Development Corporation (JEDCO) and Abraaj Capital jointly announced at the end of October the launch of the US$50 million Jordan Growth Capital Fund to provide long-term capital and institutional support to small and medium-sized enterprises (SMEs) in Jordan. The Jordan Growth Capital Fund, as part of its investment mandate, will provide growth capital to high impact SMEs in Jordan. JEDCO, the EIB and Abraaj Capital will serve as anchor investors in the fund. The fund will be managed by Riyada Enterprise Development (RED), the US$500 million SME investment platform of the Abraaj Capital group. In anticipation of the launch of the fund, RED has completed its first investment in d1g.com, one of the fastest growing Arabic social media and content-sharing platforms in the Middle East and North Africa. (OL/transl.jl)