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KADDB to buy state-owned engineering company

By Petra - Jan 12,2014 - Last updated at Jan 12,2014

AMMAN — The Cabinet on Sunday accepted an offer by the King Abdullah II Design and Development Bureau (KADDB) to purchase the current assets of the government-owned Arab Industrial Engineering Company, which is suffering financial problems.

The decision was taken in response to a recommendation by the Cabinet’s economic development committee.

The Council of Ministers also listened to a briefing by the Ministry of Planning and International Cooperation on the cost of the government’s support of basic services and commodities.

Meanwhile, the Cabinet approved a recommendation to facilitate the entry of Syrian investors.

In addition, skilled Syrian labourers will be allowed to work in remote areas and factories in industrial zones.

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