19 Hrs
Source:
سواليف
Source: سواليف
19 Hrsسواليف
Source: سواليف
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The proposed amendments to the Real Estate Law indicate support for the implementation of strategic railway projects in Jordan, aiming to establish a network for transporting goods and passengers that connects the country with its neighboring nations. The amendments specify that the land acquisition for railways will be limited to one-quarter of the property’s area, with compensation provided for any land exceeding this limit, and will include the provision of a corridor and service roads to enhance the economy and improve infrastructure. Most railway tracks are located on state-owned land (approximately 70%), while 30% are privately owned by citizens. The law focuses on facilitating land expropriation and simplifying project implementation, recognizing the importance of railway lines as part of the infrastructure for investment projects, and balancing the protection of property rights with the promotion of a favorable investment environment. Additionally, the amendments include digitization of real estate services and improving market decision-making efficiency, with the aim of attracting investments and achieving legal stability.
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