Latest news with #InvestmentProjects
Zawya
28-07-2025
- Business
- Zawya
Jordan: Cabinet approves amendments to urban planning bylaw, launches major water projects in Irbid, Zarqa
AMMAN — The Cabinet, during a session chaired by Prime Minister Jafar Hassan on Saturday, approved the rationale for a draft amendment to the Building and Urban and Village Planning Bylaw for 2025, to be submitted to the Legislation and Opinion Bureau for formal issuance. The proposed amendments include extending the grace period for licensing existing buildings until the bylaw is officially endorsed, according to a Prime Ministry statement. The amendments also seek to facilitate the establishment of investment projects outside designated zoning areas by reducing the required road width for tourism-related developments located along multiple roads. Additional proposed amendments include increasing the permissible building ratio on small plots of land outside zoning boundaries and establishing front setbacks for secondary buildings on agricultural land holdings. The Cabinet also approved the issuance of necessary authorisations to proceed with a tender for the water management, distribution, and wastewater project in Irbid Governorate. The project's first phase would include the construction of main pipelines serving the areas of Irbid, Aydoun, Al Sareeh, Huwwarah, Bushra, Sal, and Hakamah. It will also cover the implementation of distribution networks, a transmission pipeline, and a main reservoir in Ramtha, the statement said. The Cabinet gave the green light for the implementation of the Zarqa Valley Wastewater Treatment Plant project. Once completed, the new facility would become the second-largest wastewater treatment plant in Jordan, after the Khirbet Al Samra plant, with a total design capacity of 365,000 cubic meters per day. The project would be executed in two phases, with the first scheduled for completion in 2030 and the second in 2035. Upon operation, the new plant would allow for the decommissioning of several pumping stations in western and eastern Zarqa, resulting in an estimated JD5.6 million in annual electricity savings, the statement said. The station is expected to significantly enhance wastewater infrastructure in Zarqa Governorate and parts of Amman, while boosting the network's capacity to handle increasing water volumes delivered through the National Carrier Project. © Copyright The Jordan Times. All rights reserved. Provided by SyndiGate Media Inc. (
Times of Oman
10-04-2025
- Business
- Times of Oman
India, Russia agree on six new strategic projects to boost bilateral investment cooperation
New Delhi: India and Russia have agreed on six new strategic projects aimed at enhancing bilateral investment cooperation during the 8th Session of the India-Russia Working Group on Priority Investment Projects (IRWG-PIP), as per a press release. The session that was held in the national capital on Wednesday was conducted under the India-Russia Intergovernmental Commission on Trade, Economic, Scientific, Technological, and Cultural Cooperation and focused on advancing collaborative projects in sectors of mutual interest. The co-chairs of the session signed a protocol highlighting these projects and reviewed the outcomes of the previous 7th session. India and Russia discussed initiatives to strengthen economic ties and affirmed their commitment to expanding investment collaboration. The session was followed by the 2nd Edition of the India-Russia Investment Forum, organised in collaboration with Invest India, the Indian Chamber of Commerce (ICC), and the Ministry of Economic Development of the Russian Federation, the release stated. The forum saw active participation from over 80 businesses, including entrepreneurs, financial institutions, cargo companies, business chambers, and officials from both countries. The session was co-chaired by Amardeep Singh Bhatia, Secretary, Department for Promotion of Industry and Internal Trade, Ministry of Commerce and Industry, from India, and Vladimir Ilichev, Deputy Minister of the Ministry for Economic Development of the Russian Federation, from Russia. Both sides reiterated the importance of continued cooperation in investment and trade to strengthen their economic partnership. Russia has been a longstanding and time-tested partner for India. The development of India-Russia relations has been a key pillar of India's foreign policy. Since the signing of the "Declaration on the India-Russia Strategic Partnership" in October 2000 (during the visit of President Putin), India-Russia ties have acquired a qualitatively new character with enhanced levels of cooperation in almost all areas, including political, security, defence, trade and economy, science & technology, culture, and people-to-people ties. During the visit of the Russian President to India in December 2010, the Strategic Partnership was elevated to the level of "Special and Privileged Strategic Partnership.
