ammonnews.net

Ammon News - The Lower House held an evening session, chaired by Speaker Abdul Karim Dughmi, in the presence of the Cabinet's members, to debate and approve the draft law regulating the investment environment for 2022.

So far, deputies have endorsed 33 out of 52 articles, as referred from House Economy and Investment Committee, with some amendments being made after an extensive debate on the bill's articles.

During the evening session, the lawmakers approved a slew of the bill's items as referred from the government, with an amendment on Article 22, which now reads: "The main developer, with the Cabinet's approval, may recover his/her lands whose ownership have been transferred to the registered institution in whole or in part".

The House also voted to add two new clauses to Article 33, in which the first stipulates that Petra Development and Tourism Region Authority (PDTRA) shall apply provisions related to incentives within development zones mentioned in this law, while the second stipulates that PDTRA shall allocate 50% of its revenues, in accordance with the new bill.