The Jordanian government is looking to reduce its debt burden and jumpstart the economy through a combination of budgetary adjustments, a new medium-term economic strategy and international aid agreements.
Jordan
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Efforts to increase Jordan’s digital literacy rates against a backdrop of changing demographics and skills gaps in the labour market are beginning to yield results.
A raft of new retail outlets and mall expansions are boosting supply in Jordan’s retail sector – all part of a significant pipeline of projects seeking to capitalise on the country’s rising spending power and growing population.
Deals signed in recent months that have the potential to reinvigorate Jordan’s phosphate exports could bring a new source of growth to its manufacturing sector, following a year of mixed results.
Regulatory reforms introduced in 2016 should draw investors to help carry out a large, state-led project pipeline, with clean and alternative energy among the industries benefitting.
Year-end tourism figures released by the Jordanian authorities suggest the sector is stabilising after a contraction across a number of indicators in 2015, with several government initiatives expected to facilitate further improvements this year.