24 Hrs
Source:
الوكيل الإخباري
Al-Qatamin: Rail projects boost real estate and economy
The articles discuss the significance of railway projects in Jordan. Minister Nidal Qatamin highlights that establishing railway lines increases the value of adjacent land by between 10% and 50% and leads to the conversion of agricultural areas into residential and commercial uses. Additionally, it facilitates the creation of new economic centers such as stations, hotels, and commercial complexes. He also explains that the project contributes to developing logistics warehouses and shipping zones, as well as improving the supporting infrastructure, thereby boosting economic and urban development in the beneficiary regions. On the organizational level, Minister of Political Affairs Abdulmonem Al-Ownat clarifies that railway lines are exempt from the Real Estate Ownership Law. He affirms that the legal amendments aim to unify expropriation procedures and enhance the investment environment while preserving the rights of property owners to compensation. Overall, the article emphasizes that the development of railway infrastructure in Jordan will support the national economy, strengthen the infrastructure, and facilitate the more efficient implementation of strategic transportation projects.
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