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الحقيقة الدولية
Amman Municipality Offers 400M Dinar Payment Plans
The article discusses the efforts of the Greater Amman Municipality to improve its financial resources through the issuance of Islamic bonds (sukuk) and the valuation of its assets, with the aim of financing development projects and achieving financial stability. The municipality is considering issuing sukuk totaling up to one billion dinars in phases, starting from 400 million dinars, to settle debts and reduce the cost of debt service, while achieving cost savings estimated at 70 million dinars over five years. Officials also emphasized that the municipality’s asset value is approaching one billion dinars and is expected to increase with urban expansion and improved city services. Moreover, the issuance of sukuk does not transfer ownership of assets but involves financial guarantees and procedures, with the goal of enhancing the capacity to finance future projects and provide better services to citizens.
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