Ammon News - Cabinet session headed by Prime Minister Dr. Jafar Hassan, decided on Sunday to approve the establishment of an unlisted public shareholding company affiliated with the Jordan Capital and Investment Fund under the name "Jordanian Company for Developing Cities and Facilities," in accordance with the Jordanian Investment Law No. 16 of 2016.

The company, which will be fully owned by the government, aims to implement and develop major strategic infrastructure projects and public facilities of economic or service significance across various governorates. It will oversee projects such as intercity public transportation, alternative roads, and railway networks. Additionally, it will manage and develop the lands designated for the new city, preparing them for investment purposes.

The company will also establish specialized subsidiaries responsible for executing key infrastructure projects, including the sports stadium project directed by His Majesty King Abdullah II as the foundation for an integrated sports city. Other initiatives, such as an exhibition city, will be implemented in partnership with the private sector, aligning with the government’s strategy to enhance public-private collaboration and attract investment opportunities.