Latest news with #KhaledAbuHassan
Jordan Times
29-04-2025
- Business
- Jordan Times
'Lawmakers to discuss amendments to Real Estate Ownership Law with all sectors'
The Lower House will open a nationwide dialogue with all sectors on the 2025 amendments to the Real Estate Ownership Law, head of the Lower House's Committee on Economy and Investment Khaled Abu Hassan says on Monday (File photo) AMMAN — The Lower House will open a nationwide dialogue with all sectors on the 2025 amendments to the Real Estate Ownership Law, head of the Lower House's Committee on Economy and Investment Khaled Abu Hassan said on Monday. Abu Hassan said that the amendments, which sparked controversy within economic sectors and the wider pubic, are currently under review by the Lower House, according to the Jordan News Agency, Petra, reported. He said that an agreement has been reached with the government to open a dialogue with all sectors to clarify the bill's articles and address any misunderstandings. Abu Hassan stressed that the draft law would not impose any additional burden on taxpayers, nor would it introduce tax increases; instead, it would entail reductions, as pledged by the prime minister and endorsed by the Lower Chamber. He added that these discussions would continue over the coming months, and the draft law would be presented to the Lower House during the next House session. The Cabinet, during a recent session chaired by Prime Minister Jafar Hassan, endorsed draft amendments to the 2025 Real Estate Ownership Law. The Cabinet at the time said that the amendments aimed at 'streamlining' land registration procedures and 'facilitating' the dissolution of joint ownership. The amendments grant expanded authority to the Department of Lands and Survey, enabling it to deliver 'faster, more efficient services and reduce bureaucratic hurdles.' The amended bill introduces mechanisms to regulate joint ownership dissolution committees and provides guidelines for determining fair compensation in cases of public expropriation. It also addresses existing legal gaps by allowing companies, non-Jordanians, and legal entities to acquire property in specific unincorporated areas, which was previously restricted. Under the new framework, legal entities engaged in lease financing will be able to obtain property permits directly from the Department of Lands and Survey and the Ministry of Finance, eliminating the need for Cabinet approval. The move aims to 'streamline' procedures and 'enhance' investor access to Jordan's property market.
Jordan News
16-03-2025
- Business
- Jordan News
Parliamentary Investment Committee Discusses Economic Vision of the Ministry of Industry and Trade - Jordan News
Parliamentary Investment Committee Discusses Economic Vision of the Ministry of Industry and Trade The Chairman of the Parliamentary Economy and Investment Committee, Khaled Abu Hassan, emphasized that the committee's vision aligns with the royal vision for economic modernization and achieving sustainable development. He explained that the royal vision aims to improve the economic situation in the kingdom, create job opportunities for Jordanians, and enhance growth across various sectors. اضافة اعلان During a meeting held by the committee today, Sunday, with the Minister of Industry, Trade, and Supply, Yareb Al-Qudah, to discuss the economic vision of the Ministry of Industry, Abu Hassan stressed the importance of cooperation with the private sector and listening to its viewpoints on the economic modernization process. He also highlighted the support for local industries, the development of services and their automation, and the preparation of an attractive investment environment by easing procedures. He pointed out the need to benefit from the opportunities in the reconstruction of Syria, affirming that Jordan seeks to be part of this process. MPs who attended the meeting, including Salem Abu Doulah, Tariq Bani Hani, Salman Saud, Mohammad Al-Bustanji, Amal Al-Shuqran, Abdul Rahman Al-Awaisheh, Firas Al-Qablan, Jihad Al-Madani, Abdul Basit Al-Kabariyati, and Raed Al-Qatawneh, presented several proposals to improve the economic situation and enhance growth rates. For his part, Minister Al-Qudah confirmed that commodity prices did not witness any significant increases during the holy month of Ramadan, and there was no need to impose price caps. He pointed out that the ministry had begun preparations for the holy month since last October. He stated that commodities are available at prices suitable for citizens' purchasing power, and that the ministry has a special monitoring system to track the country's daily stock levels. He mentioned that the wheat stock is sufficient for 5 months, while barley covers 7 months, explaining that the ministry prevents the export of some goods unless approved specifically to maintain price stability. Al-Qudah also noted that the economic vision is flexible and can be adjusted according to new developments. He emphasized that the advancement of the industrial sector depends on boosting exports, while the services sector is considered one of the most promising sectors for investment. He also pointed out that the ministry is working on organizing and stimulating e-commerce, in addition to strengthening trade relations with Syria. He highlighted that Jordan was one of the first countries to send aid convoys to Syria following the recent events and that there are ongoing discussions with the international community to ensure Jordan's participation in the reconstruction process. The meeting was attended by the Secretary-General of the Ministry of Industry and Trade, Dana Al-Zoubi, Director-General of Standards and Metrology, Abir Al-Zuheir, Director-General of the Civil Consumer Corporation, Salman Al-Qudah, General Supervisor of Companies, Wael Al-Armoouti, as well as the Executive Director of Economic Projects Development (JEDCO). -- (Petra)
