Harnessing new technology to extract Jordan’s oil shale reserves could help reduce reliance on imported hydrocarbons as well as enhance energy security.
Jordan
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Economic update | Jordan: GDP gathering momentum
30 Apr 2013
Following GDP growth of 2.8% in 2012 according to IMF numbers, up slightly on 2011, Jordan is working to maintain similar expansion this year, despite a drop in foreign grants and a simultaneous rise in its energy bill.
A US offer to back Jordanian bond issues may help lower the Kingdom’s borrowing costs and boost confidence in the country’s securities, which has been dented by regional instability that has slowed economic growth.
A government decision to access funding via the bond market could pave the way for banks to increase lending to the private sector.
Economic update | Jordan: Transport holding steady
18 Mar 2013
With the ongoing expansion of the port and container terminal at Aqaba and the new terminal at the Queen Alia International Airport, there is a sense of cautious optimism in the kingdom’s transport and logistics sector.
Large-scale overseas investments, combined with increased state spending on infrastructure projects, has resulted in the Jordanian construction industry shifting its focus from the capital Amman, which had long been the centre of building activity, to the port city of Aqaba.