GAM owns JD2.5 billion in lands and property, says mayor

GAM
(File photo: Jordan News)
AMMAN — The Secretary-General of the Greater Amman Municipality (GAM), Yousef Al-Shawarbeh, stated that the value of lands owned by GAM is more than JD2.5 billion, with JD1 billion worth of these lands available for investment. اضافة اعلان

Speaking at an investment conference held within the framework of the Economic Modernization Vision, Shawarbeh said that the Amman Vision for Investment and Development Co. is achieving the GAM strategy of improving its investment management property portfolio.

The municipality is contributing to the development of the investment environment in Amman, by simplifying procedures for investors and providing its services electronically to ensure fairness and integrity.

Investment venueShawarbeh highlighted that the municipality has worked to establish the Amman Vision Company for Investment and Development, which has finalized many agreements and Memoranda of Understanding (MoU) to serve the Economic Modernization Vision.

He also pointed out that GAM is contributing to the development of the investment environment in the capital Amman by simplifying procedures for investors and providing its services electronically to ensure fairness and integrity.

The investment conference discussed the role of investment in stimulating growth opportunities, promoting innovation, facing global challenges, developing the transport sector to stimulate the national economy, and attracting investment to achieve development and the sustainability of economic projects.

Shawarbeh emphasized that GAM is contributing to the development of Amman as a smart city by implementing various projects, including the smart traffic management project.

Transport strategyAccording to Shawarbeh, the municipality has prepared a public transport strategy for the next 10 years, with the aim of developing the public transport system in the Jordanian capital. The strategy includes making Amman a smart city through various actions, such as the smart traffic management project.

Speaking about the Amman Bus Rapid Transit system, Shawarbeh said that GAM is currently preparing studies for its second phase.

Renewable energyShawarbeh revealed that 45 percent of the Amman municipality's energy needs are generated from the Ghabawi waste dump. The municipality is planning to develop more renewable energy sources in the future.


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