Murad values government decision to activate the real estate sector

AMMAN — The Amman Chamber of Commerce (ACC) on Saturday welcomed the recent decision taken by the Council of Ministers to activate the real estate sector since it has the potential for growth.

The Council of Minister’s decision came after negotiations between the private sector and the government to activate the real estate sector as it faced regression since the beginning of 2015, ACC President Issa Murad said.

He added that the decision will rekindle the real estate and housing activity in the Kingdom, fix the noticeable recession in the sector, and solve the difficulties facing investors besides attracting more investments.

Murad valued the decision as it  will exempt companies from fines and enable them to generate liquidity noting that the government’s support began with the tourism sector and then moved on to the real estate sector.

He affirmed that the decisions were in accordance with Jordan’s economic reform process and Royal directives to improve living conditions.