Amman Municipality has assets worth JD2.2b, JD1b available for investment

The municipality aims to transform Amman into a smart city

Amman Hotels 5th circle
(File photo: Jordan News)
AMMANYousef Shawarbeh, the mayor of Amman, stated on Sunday that the municipality is welcoming both Jordanian and foreign investors to invest in numerous projects aimed at boosting its revenue, contributing to the economic system, and meeting civil needs. These projects are aligned with its strategic plan for the years 2022-2026, launched under royal auspices.اضافة اعلان

During his participation in the second day of the 8th Conference for Jordanian Businessmen and Investors, Shawarbeh explained that the municipality's assets amount to JD2.2 billion, of which JD1 billion are available for investment. He affirmed that the municipality has a clear vision of projects needed by the city, including a conference center, an amusement park, and an abattoir.

He noted that the municipality's strategic plan encompasses four pillars: quality of life, infrastructure, investment, and legislation, including 212 projects to achieve 30 strategic goals and 15 objectives at a cost of 1 billion dinars.

Developing investment environment
Shawarbeh said that the municipality contributes to developing the investment environment in the capital by simplifying and facilitating procedures for investors. The municipality also provides services electronically and established the "Vision Amman" company for investment and development as an investment and development arm.

He said that any investor can communicate directly with “Vision Amman” and negotiate investment projects, bypassing bureaucratic procedures with needed transparency. He highlighted that the projects range from small to medium to large, with values ranging from JD1 million to JD400 million.

Emphasizing that the municipality strives to play a genuine role in driving the national economy, creating job opportunities, and fulfilling royal directives and national objectives.

Current and prospective projects
He said that the municipality is currently fulfilling various agreements including leasing land for the anticipated JD280 million healthcare project, and memoranda of understanding with investors to prepare necessary studies for a JD70 million investment project for a car city on a 900,000 square meter land in the Madoonah area.

He said that they are currently focusing on the waste management project due to its importance. Technical and financial studies for this project are expected to conclude by the end of the current year for investment purposes, aiming to convert waste into energy.

Additionally, the municipality aims to transform Amman into a smart city, implement a smart traffic management project, and establish a national-level command and control center.

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