Parliamentary committee stresses importance of investing in energy sector

Amman, Head of the Mineral Resources and Energy Parliamentary Committee, MP Haitham Zayadin, has said that the lower house welcomes and encourages all investment activities in the energy sector, especially those that contribute to reducing the costs of energy and finding an infrastructure to lure in investments.

Zayadin made his remarks during a meeting in the parliament on Sunday with several investors in hydrogen production, pointing out that the committees seeks to lure in investment in the energy sector and reduce obstacles facing local and foreign investors.

He pointed out that the energy costs have become the major challenge in the face of a healthy investment environment in all fields.

The increasing level of investments in the energy sector in the Kingdom reflects Jordan good image among foreign investors as it enjoys stability and security to businesses, and has flexible legislation, the legislator underscored, adding that the committee seeks to hold a meeting for this particular purpose and invite those concerned from both the private and public sectors.

In turn, the investors pointed out that the project they are implementing is designed to produce hydrogen in an eco-friendly manner and without notable emissions and radiations.

The cost of carrying out the project is estimated at around US1.2 billion, and is expected to take two years to accomplish. It will create more than 2,000 job opportunities and reduce the increasing levels of poverty and unemployment.

Source: Jordan News Agency