While Jordan’s property market slowed in 2012, the sector remains healthy, and this strong trend is expect-ed to continue throughout 2013. Current market con-ditions can be attributed to several factors, including a growing middle class, an influx of newcomers from Syria and Libya in need of homes and the caution among developers due to the...
One of the mainstays of the Jordanian economy, industry accounts for approximately one-fifth of GDP as well as 15% of the workforce and around 90% of exports. The largest industrial segments are min-ing, chemicals, and textiles and garments manufac-turing; the kingdom is also the largest exporter of pharmaceuticals in the Arab world. The sector is...
Energy represents one of Jordan’s key economic and strategic challenges. The issue has transformed into a political problem, with recent fuel subsidy cuts and consequent price rises sparking protests against a backdrop of regional unrest. The government is considering measures such as rolling blackouts and restrictions on driving to deal with the...
Signs of improvement are beginning to be seen in Jor-dan’s construction sector. Much like other sectors in the country, investment in construction projects has slowed due to geopolitical conditions within the region. Local construction companies, however, are adjusting well to the current climate, and a range of projects are still moving ahead....
For many years, the Jordanian banking scene has been led by two major lenders – Arab Bank (ARBK) and the Housing Bank for Trade and Finance (HBTF). These two have been consolidating their role in the wider national and regional economy in recent times, which result-ed in 2012 being a more profitable year than 2011. This has been achieved during...
The passage of the Renewable Energy and Energy Efficiency Law (REEL) in April 2012 marked a major step towards the development of a significant renewables generation capacity in Jordan. The key change in the law was to allow investors to propose renewable energy projects to the government, rather than having to respond to government tenders (as was...
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