Land Manager: 70% of railway on state land
The article discusses proposed amendments to Jordan's Real Property Law aimed at supporting the implementation of strategic railway projects. These projects will connect the country with neighboring nations, contribute to improving transportation, and reduce costs. The amendments include designating land expropriation within the legal quarter of the property area, with compensation provided for land exceeding that amount. Most railway routes are situated on state-owned land (approximately 70%), and the government owns the majority of the land. Currently, property values are estimated to be around 85% of their market value, with efforts underway to regulate and adjust property valuations. The goal of these amendments is to expedite the execution of railway projects, balance the protection of citizens' rights with investment incentives, as well as to develop digital services and enhance the real estate investment environment in the kingdom.
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