Cabinet approves renewing special exemptions for Abdali Investment Company

Cabinet approves renewing special exemptions for Abdali Investment Company

AMMAN — The Cabinet on Wednesday approved renewing special exemptions granted to the Abdali Investment and Development Company and its subsidiaries, as well as other businesses investing in the company for two years.

Under its decision, during the session headed by Prime Minister and Minister of Defence Bisher Al Khasawneh, the government called on the company to submit "a clear implementation plan", linked to a specific timeframe for the completion of all project components, the Jordan News Agency, Petra, reported.

The decision also included the reduction of the building and land tax and the vacant land tax by 50 per cent for projects operating within the Abdali project.