Cabinet approves establishment of company to develop major strategic infrastructure projects

Jordan Times

09-02-2025

The Cabinet, during a session chaired by Prime Minister Jafar Hassan, on Sunday approves the establishment of a non-listed public shareholding company affiliated with the Jordan Capital and Investment Fund (Petra photo)
-Company will be government-owned, affiliated with Jordan Capital and Investment Fund
-Firm will develop vital public service facilities nationwide, infrastructure to attract investments
AMMAN — The Cabinet, during a session chaired by Prime Minister Jafar Hassan, on Sunday approved the establishment of a non-listed public shareholding company affiliated with the Jordan Capital and Investment Fund.
The company, named the Jordanian Company for Urban and Facilities Development, is to be established under the provisions of the Jordanian Investment Law No. 16 of 2016, the Jordan News Agency, Petra, reported.
The company will be fully owned by the government and will be tasked with executing and developing major strategic infrastructure projects.
It will also develop vital public service facilities nationwide, including direct public transportation projects among main cities, alternative roads, and railway transport.
The company will also own the land for the new city, with the aim of developing its infrastructure and facilities to attract investment.
As part of the Economic Modernisation Vision, the Cabinet also amended the criteria for providing electricity services under Fils Al Reef, a fee added to each kilowatt a household uses.
The amendment aims to support industrial expansion and new industries, facilitate electricity connection procedures for citizens, and reduce costs for farmers, contributing to food security.
The Council of Ministers approved an amendment bylaw to the Customs Regulation for the Aqaba Special Economic Zone Authority (ASEZA) for 2025.
The bylaw will enable the customs enforcement division within the Jordan Customs Department to implement the provisions of the bylaw within ASEZA, in accordance with agreed-upon customs procedures between the department and the zone.
In line with efforts to modernise administrative bylaws and regulations, the Cabinet approved the rationale for a draft bylaw concerning the Jordan Olympic Committee for 2025.
The amendments aim to align the bylaw with the latest updates to the Olympic Charter issued by the International Olympic Committee.
The Cabinet also approved the validating reasons for a draft bylaw to establish the West Irbid CassationCourt for 2025.
This decision comes in response to the area's growing population, aiming to ease legal procedures for citizens and reduce the increasing burden on the Irbid CassationCourt.
As part of agreements with international organisations and other countries, the Council of Ministers approved a document for a project aimed at enhancing veterinary services and medicine in Jordan, as well as updating legislative and regulatory frameworks in the sector.
The project is in collaboration between the government, represented by the Ministry of Agriculture, and the Food and Agriculture Organisation of the United Nations (FAO).
The project aims to boost early warning capabilities, mitigate risks, manage national and global health threats, ensure sustainable food production, and implement resilient agricultural practices that enhance productivity and adaptation to climate change, and gradually improve soil and land quality by 2030.
The Cabinet also approved the Kingdom to join the Women Development Organisation, which operates under the umbrella of the Organisation of Islamic Cooperation.
The ministries of foreign affairs and social development have been tasked with completing the necessary procedures.
Also, the Council of Ministers approved a memorandum of understanding between the Ministry of Digital Economy and Entrepreneurship and the University of Waterloo in Canada.