The property market in Jordan is picking up, with a rise in the volume of transactions this year. Prices are also increasing, which whilst good news for investors, may exacerbate an already existing shortage of affordable housing for low- and middle-income residents.
A confluence of factors is opening opportunities for Jordanian garment manufacturers in their bid to win a greater share of Western clothing markets.
Falling sales and rising costs are pushing segments of Jordan’s mining industry to broaden their client base and expand value-added activities.
The crisis in Syria is weighing heavily on the Jordanian economy. While the cost of supporting some 500,000 registered refugees is perhaps the most obvious challenge for a government with serious budget constraints, the impact of events across the border extends to multiple areas of the economy, from an increase in food prices to trade route disruptions.
Recent rate cuts and additional international funding should boost bank lending in Jordan, with micro, small and medium-sized enterprises (MSMEs) in line to benefit from the increased loan availability. However, lingering concerns over regional instability and rising debt levels could influence commercial lenders’ willingness to extend credit lines.
Despite the advanced integration of technology into Jordan’s educational system and a high level of computer penetration in homes, employers often find it difficult to fill positions for skilled workers in the information and communications technology (ICT) sector.
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