Jordan's Cabinet Approves Key Projects and Reforms in Various Sectors
Key Ideas
- Restructuring of Land Transport Regulatory Commission to enhance governance and independence, with a proposed Board of Commissioners modeled after Civil Aviation Regulatory Commission.
- Approval of fuel subsidies totaling JD4.1 million to support public transport operators, aligned with international fuel price trends.
- Agreements with energy companies for hydrogen development projects, positioning Jordan as a regional hub for green hydrogen.
- Endorsement of duty-free market establishment at the new Aqaba port to stimulate trade and investment.
The Jordanian Cabinet, chaired by Prime Minister Jafar Hassan, recently approved several key projects and reforms across various sectors. These include the restructuring of the Land Transport Regulatory Commission to improve independence and governance, with plans for a Board of Commissioners. Fuel subsidies amounting to JD4.1 million were allocated to support public transport operators. In the energy sector, agreements were approved with companies like Jordan's Philadelphia Solar and Germany's Enertrag for green hydrogen projects, aiming to position Jordan as a regional hub for green hydrogen production. The government also greenlit the establishment of a duty-free market at the new port in Aqaba to boost trade and investment. Additionally, the Cabinet supported the National Water Carrier Project with a 30 million euro grant from the European Investment Bank, advancing the Aqaba-Amman water desalination initiative. These developments signify a positive step towards enhancing infrastructure, transportation, tourism, water projects, energy initiatives, taxation, investment, and trade in Jordan.