As ongoing volatility continues to hamper growth in the region, Jordan has made significant progress in preserving macroeconomic stability and reducing its fiscal deficit in the past few years. Efforts to the fulfill the stipulations of a $723m extended fund facility agreement with the IMF continue, and the government may need to pursue more widespread reforms to increase income tax revenues and limit tax avoidance so as to sustain recent momentum.
Food production in the GCC has long faced obstacles ranging from water scarcity to a lack of arable soil – factors that are being exacerbated by climate change.
Significant progress in implementing an IMF-backed reform agenda in 2016 marked a turning point for the economy, helping Jordan reduce its budget deficit and bring GDP growth in constant prices from a 25-year low of 2% in 2016 to 2.2% the following year. While the latter figure was still below target, the Jordan Economic Growth Plan 2018-22 aims to...
Green practices and digital methods are in focus as Jordan moves ahead on a new mid-term economic development agenda with the aim of attracting new investment to support double-digit growth in manufacturing, electricity, water, transportation, ICT and construction. Combined with fiscal reforms, this strategy is expected to double GDP expansion by 2022, pushing the kingdom to...
The aviation sector has been recognised in Jordan’s recent expansion plans as a fundamental driver of the kingdom’s future prosperity, encouraging growth across a variety of sectors, from tourism to trade. Jordan 2025, the long-term development programme, has therefore targeted the Queen Alia International Airport (QAIA) in Amman and the King...
Greater investment of both time and money into Jordan’s local, regional and international transport networks is expected, with King Abdullah II bin Al Hussein underscoring the importance of building and maintaining effective transit systems. Major public transport projects are currently under way, along with continued expansion of land and sea...
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