Ammon News - Mayor of Amman Yousef Shawarbeh on Saturday said that the lands owned by the Greater Amman Municipality (GAM) amount to a value exceeding 2.5 billion dinars, with one billion dinars of this sum being deemed as investable.

Speaking at a national conference centered on investment prospects, which was held in the context of the economic modernization vision, Shawarbeh stressed that the Municipality is actively contributing to the development of the investment environment in the capital, Amman.

This is being achieved by means of simplified procedures for investors and the provision of electronic services, with the ultimate aim of guaranteeing equity and integrity in the delivery of these services. Additionally, the Municipality has taken steps to create the Amman Vision Company for Investment and Development, he explained.

Shawarbeh went on to emphasize that the Amman Vision Company for Investment and Development represents a crucial component of the Greater Amman Municipality's strategy concerning the enhancement of investment management for its entrusted properties.

Furthermore, he pointed out that the Municipality has successfully forged numerous agreements and memorandums of understanding, all in service of the vision of economic modernization.

Ahmed Safadi, the Parliament Speaker who patronized the conference, affirmed the legislature's mandate to overseeing the government's adherence to the implementation of the vision of economic modernization. He underscored the importance of this blueprint in meeting the hopes of the Jordanian populace and bolstering the national economy.

Safadi went on to emphasize that economic modernization is contingent upon collaborative endeavors at the national level. Such efforts must be guided by a well-defined strategic program and a clear roadmap for implementation, particularly in each sector, with the ultimate objective of ameliorating the standard of living of citizens and creating job opportunities.

Ambassador of the United Arab Emirates to Jordan, Sheikh Khalifa bin Mohammed bin Khalid Al Nahyan, who attended the event, spoke about economic cooperation between the two countries and Emirati investments in the Kingdom.

He noted that UAE investments in Jordan are estimated at more than $17 billion in a host of sectors, referring to a recent joint solar power project.