Dependent on energy imports and constrained by regional instability, Jordan’s ability to deliver critical projects has been limited in recent years. However, with developments planned across a host of sectors in the medium term, the government is working to increase private sector participation in projects ranging from renewable energy to...
The economy looks set to continue its positive trajectory in 2015, with the IMF praising the kingdom for its resilience in the face of challenging external factors, forecasting GDP growth of 2.5% and 4% over the medium term, from 3.1% in 2014. Fiscal space freed up by lower oil prices will help support expansion, with construction, mining,...
The year 2014 was marked by strong growth in the construction sector, which has become well established as one of Jordan’s key economic drivers. New companies are also entering the market, with an eye towards gaining a share of a major pipeline of projects now beginning to get under way – developments spanning the transport sector, residential...
Despite some challenges for Jordan’s economy, 2014 saw trading in real estate continue to post healthy growth along with steady rises in property prices. This was especially true in the capital, Amman, where pressure on land and sought-after areas in the city centre has kept returns high for investors. Elsewhere, the need for lower-cost...
Over the past decade, Jordan’s business environment has experienced significant and rapid changes in terms of both its complexity and competitiveness in global markets. Increased demand for qualified labour, coupled with growing international competition for resources, have forced Jordanian businesses to remain flexible and become more...
Jordan does not hold significant reserves of crude oil and natural gas, and has historically imported the majority of its energy. This has been especially disadvantageous in recent years, as regional volatility has affected gas supplies from Egypt and scuttled a planned pipeline to Iraq, while high oil prices had until recently resulted in the...
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