AMMAN — The Cabinet’s economic team on Saturday discussed economic and investment policies and procedures aimed at stimulating the economy, enhancing growth and attracting investment that can contribute to providing jobs and combating poverty.

 

During the meeting, headed by Prime Minister Omar Razzaz, the economic team reviewed a number of procedures that the government has implemented over the past few weeks to stimulate several economic sectors, the Jordan News Agency, Petra, reported.

 

Such procedures included the real estate and lands sectors that grew in the first quarter of the year by 12 per cent, in addition to providing exemptions on the fees of transferring ownership, disassociation of heirs and the land subdivision.

 

Members of the economic team also went over the procedures the government has adopted to stimulate the economic activity through paying tax reimbursement to citizens, where so far JD37 million has been disbursed.

 

The team members addressed the conditions of the yoghurt industries sector in the Kingdom and the challenges facing it.

 

The economic team decided to hold a meeting in the few coming days with sector representatives to reach solutions to the obstacles facing their industry and reach ways to enhance its competitiveness in the local and foreign markets.