Jordan’s proximity to Iraq is of interest to the nation’s economic planners for obvious reasons. The troubled neighbour boasts proven oil reserves of 150bn barrels as of 2013, according to BP’s “Statistical Review of World Energy”, which are the third largest in the region, behind Saudi Arabia and Iran. With a population estimated by the World Bank at 33m, Iraq...
It is hard to overstate the importance of the role played by Jordan’s small and medium-sized enterprises (SMEs) in the wider economy. The nation’s historical role as safe haven in a politically turbulent region has seen it welcome migrants from far and wide, most notably Palestine, Iraq and – more recently – Syria. Many have brought their capital with them, and deployed...
The kingdom’s economic journey from its emergence as a new state in 1946 to the regional business and financial hub that it is today is a remarkable one. Over this brief span Jordan has undergone a number of developmental phases, from an initial focus on massive public investment in basic utilities, health and education to the growth of an industrial and manufacturing...
Despite a challenging regional environment, Jordan continues to move ahead with the reform process it began over a decade ago. The process has focused on building consensus for reforms that are home-grown and sustainable, the results of which are starting to materialise. Jordan’s gradual and evolutionary approach aims to put in place an efficient system of checks and...
The last year was a good one for the Jordanian construction sector, which registered an 8.3% expansion in 2013 compared to the previous year’s relatively static performance. Much of this improved showing can be attributed to increased state spending on large infrastructure projects and sizeable tranches of foreign investment, both of which have provided a fillip to...
The Hashemite Kingdom of Jordan covers a total area of 89,342 sq km and shares 1635 km of land borders with the neighbouring states of Iraq, Israel, Palestine, Saudi Arabia and Syria, as well as 26 km of coastline on the Gulf of Aqaba in the south.
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