14-05-2025
11 stalled projects in Dead Sea worth JD58 million closed
Ammon News - Chairperson of the Board of Directors of the Jordan Free and Development Zones Group, Sakher Ajlouni, said that the group has completed all 11 stalled projects and investment agreements in the Dead Sea since 2011, as part of its ongoing efforts to improve the investment environment and prepare the region for new and qualitative development opportunities.
Ajlouni explained that the group conducted a comprehensive review of these projects and contracts, and dealt with them within legal frameworks, by offering facilities, granting time periods to rectify the situation, or terminating contracts by mutual consent without incurring any financial losses.
Director General of Development Zones, Mohammad Al-Wakid, noted that the number of projects dealt with reached 11, with an estimated value of approximately JD58 million. These projects ranged from lease-to-own contracts to sale-to-development contracts, including two projects on which work has resumed.
These stalled projects were resolved through various means, including settlement, amicable termination, annulment of agreements, or contract termination, all while fully adhering to the preservation of the state's rights and in accordance with legal frameworks, which required significant efforts in monitoring and coordination, Al-Wakid explained.
He also pointed out that there are five major tourism projects currently under implementation, some of which have been inaugurated, while others are nearing completion, as part of a clear implementation plan and in cooperation with relevant authorities.
