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الوكيل الإخباري
Jordan updates natural resource laws
Jordan is moving toward restructuring the regulations governing investment in natural resources through an amended draft law that includes incentives and facilitation measures for investors. The modifications encompass tax and customs exemptions, leasing treasury lands at symbolic prices, and the establishment of a support fund for exploration and community development, financed in part by a share of mining and production revenues. Additionally, the law outlines the stages of investment from exploration to production, with penalties for violators, special concessions for lands and water, and a focus on environmental standards and site rehabilitation. The goal of these amendments is to attract investment and promote economic growth in the natural resources sector of the kingdom.
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