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House continues debate of new investment bill

Dughmi called on MPs to submit proposals on the bill’s items in advance to be then included on the agenda for open debate.The House approved the decision of its Parliamentary Economy and Investment Committee related to Article 13, which granted the Cou…

Dughmi called on MPs to submit proposals on the bill’s items in advance to be then included on the agenda for open debate.

The House approved the decision of its Parliamentary Economy and Investment Committee related to Article 13, which granted the Council of Ministers, the power to approve any incentives or exemptions for economic activities in any region of the Kingdom, regardless of any other related legislation.

The House also okayed parliamentary proposals to Article 13 related to incentives and investments targeting the Kingdom’s poorest areas aimed to develop the local community.

In addition, the House approved Article 14, which gave the Cabinet the power to grant an one-off approval to establish an investment project, if it constitutes a strategic economic activity, which contributes to achieving sustainable development, replacing any license or permit required by any legislation.

For any related future changes, this article said this approval granted to establish the project, or transfer its ownership or lease it, may not be waived except with the Cabinet’s green light.

Source: Jordan News Agency