AMMAN – On Wednesday, the Cabinet approved the mandating
reasons for draft bylaws of Compulsory
vehicle Insurance for 2024 and
Beneficiaries of Insurance Contracts for 2024.
اضافة اعلان
The regulations aim to implement some provisions in
Insurance Business Regulatory Law No. (12) of 2021 and address some issues
related to vehicle insurance, Jordan News Agency, Petra reported.
The Council of Ministers also decided to green-light the
validating reasons for the draft bylaw to regulate leasing and ownership
activities by non-Jordanians and legal persons of immovable property outside
the boundaries of
Petra Archaeological Park (PAP) or other archaeological sites
in
Petra Development and Tourism Region Authority (PDTRA) for the year 2024.
Under the Cabinet decision, the system is referred to the
Bureau of Legislation and Opinion to proceed with the procedures for its
approval in accordance with the rules in force.
The system aims to regulate the leasing and ownership
process by non-Jordanians and legal persons of immovable property outside PAP
boundaries or other archaeological sites in
PDTRA under provisions of Petra
Tourism Development Region Authority Law No. (15) of 2009.
It also defines procedures and powers for this purpose,
encourages investment through governance procedures, and saves investors' time
and effort.
On another note, the Council approved the Industrial Policy
Document for the years (2024-2028). It formed a national team to follow up on
its implementation, which features various ministries and competent
authorities.
The decision also entrusted the
Ministry of Industry, Trade,
and Supply to outline an executive plan to implement this policy within a
"clear and specific" time frame and move forward with its
implementation procedures in partnership with the relevant authorities.
The Industrial Policy Document 2024 2028 aims to enhance
Jordan's industrial development and design and implement interventions that
would achieve Jordan's industrial development goals consistent with the
Economic Modernization Vision (EMV).
Read more National news
Jordan News
.jpg)
.jpg)
