Recent years have seen Jordan’s retail sector grow in both sophistication and diversity, with the arrival of global-quality shopping malls and a range of international brands. The shift from traditional retail outlets to more modern ones is also under way, along with the beginning of destination shopping, with larger out-of-centre stores. The...
The construction sector saw renewed growth in 2013 and indicators point to further expansion in early 2014, following a period of contraction in 2012. While housing accounted for the great bulk of construction activity, in terms of the size of licensed projects, large-scale real estate and tourism developments, as well as major infrastructure...
The Jordanian real estate market saw increased sales activity in 2013 as well as price rises in many parts of the capital, which accounts for the great majority of transactions. A number of major mixed-use real estate developments are under way, including the Abdali development in Amman – a major component of which was launched in July 2014 – and several large real...
The value of real estate transactions in 2013 stood at JD6.3bn ($8.9bn), up 15% in nominal terms from JD5.6bn ($7.91bn) in 2012. The sector’s rate of expansion was well above inflation of 5.5%, pointing to substantial real growth. The number of residential apartments sold in 2013 rose to 30,380 from 25,434 in 2012. Of these, 20,084 were 150 sq metres in size or smaller....
Given Jordan’s strategically important location at the crossroads of the Middle East, the country’s transport sector is well placed to become one of the most competitive in the region. With more free trade agreements than any of its neighbours, the sector has continued to show growth over the past year despite ongoing regional instability. At the centre of Jordan’s...
Jordan’s aviation market occupies a medium-sized position within the Middle East. While not quite on par with the rapid increase in international routes that has boosted air travel to Gulf countries like Qatar and the UAE, the kingdom’s airports have nevertheless seen steady passenger growth in recent decades, averaging 9.7% per year between 2006 and 2011.
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