Cabinet endorses 2021 bylaw for new Investment Ministry

AMMAN — The Cabinet on Sunday endorsed the 2021 administrative bylaw for the newly announced Ministry of Investment.

The bylaw follows the Royal decree that appoints a minister of investment, defines the ministry's tasks and powers, and sets an organisational structure that regulates its work and interdepartmental coordination, the Jordan News Agency, Petra, reported.

Following the recent Royal decree approving the latest Cabinet reshuffle, Prime Minister and Minister of Defence Bisher Al Khasawneh said that the government established the Ministry of Investment to be responsible for all investment affairs, deal with issues related to local and foreign investors, and prepare policies to stimulate investments and enhance the competitiveness of Jordan's main economic sectors.

Khasawneh also noted that the new ministry will be concerned with all investment bodies in the Kingdom, such as the Jordan Investment Commission and the partnership unit between the public and private sectors.

The Council of Ministers also approved the 2021 amended National Fund for Sports and Youth Movement Support Bylaw, which aims to activate the fund's role by granting its management committee the ability to approve certain criteria to support Jordanian youth and sports entities.

Also on Sunday, the Cabinet approved the appointment of Dana Zu'bi as secretary general of the Ministry of Industry, Trade and Supply after she received the highest results among all applicants to fill the vacancy, as stipulated in the appointment bylaw for leadership jobs.