Financial services are emerging as both a key market for Jordan’s IT sector and an important product line in the form of e-payment software and services. The financial industry is one of the most important buyers of Jordanian IT services, and one of the sector’s fastest-growing vertical niches, with opportunities existing in the general hardware and...
The potential of entrepreneurial activity to reduce graduate unemployment and drive Jordan’s economic growth has received much attention of late. Start-up companies have been struggling to get their ideas off the ground, but this could change with the emergence of new lending facilities in 2012. Meanwhile, increasing effort is being placed on...
With natural attractions such as the Dead Sea, where low elevation and mineral-rich water create a singular environment; the majestic Wadi Rum; and the world’s most northerly coral reef at Aqaba, which is home to over 1000 marine species, Jordan has plenty to offer nature-minded visitors. Additionally, the country has several other protected...
The year 2011 was a period of mixed fortunes for the construction industry. Although residential development was in strong demand – boosted by incentives such as government exemptions on property registration fees – construction work in other segments was less forthcoming. Government capital expenditures were restricted and banks remained risk-...
Government incentives on residential purchases helped the real estate sector make significant progress in 2011. According to the Department of Land and Surveys (DLS), it grew by 7.5% from JD5.98bn ($8.4bn) in 2010 to JD6.4bn ($9bn) in 2011. By contrast, real estate agents reported a difficult year for non-residential activity, as office space...
A crucial element of the economy, tourism receipts accounted for 14% of Jordan’s GDP in 2010. Despite a downturn in 2011, there are signs of recovery and initiatives are moving forward to develop the sector, which already offers a wide range of tourism products. Major projects under way include the development of the Dead Sea area and several large-...
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