Solar power is set to play an important role in helping achieve Jordan’s goal of having renewables meet 10% of its energy needs by 2020. Regional volatility and a lack of hydrocarbon reserves spurred the government to develop one of the most comprehensive policy frameworks for renewable energy projects in the Middle East.
Dependent on imports and grappling with regional instability and major supply disruptions, Jordan’s energy sector has faced several challenging years. Rapid population growth, which includes the kingdom absorbing an estimated 1.3m Syrian refugees since 2011, has exacerbated existing water scarcity, especially in the northern region of Jordan...
Jordan has significantly reduced its fiscal deficit since it spiked to 10.3% of GDP in 2014. According to the IMF, the deficit fell to 5.3% of GDP in 2015 and to 3.2% in 2016, exceeding earlier predicted targets of 3.8%. The near-term outlook is even more positive, with the IMF forecasting that the figure would drop to 2.5% of GDP in 2017 and...
With one of the region’s first rail links – the Hejaz Railway – running through its territory in the early 20th century, Jordan has a long history when it comes to rail transport. The kingdom still has two important railroads that carry freight, and there are plans for a major extension of the system to add more stations and routes, as well as...
In the June 2017 Jordan Economic Monitor report co-sponsored by the Ministry of Planning and International Cooperation, the World Bank reported that the country’s green energy segment holds considerable potential to reduce fiscal, economic and environmental vulnerabilities. In addition to the adoption of climate-friendly fiscal policies and...
The Hashemite Kingdom of Jordan is widely seen as a pillar of stability in a region that has been disrupted by conflict in recent years. Despite challenging surroundings, Jordan has managed to maintain efficient political workings and positive economic growth. As a country with scarce natural resources but a highly educated population, the...
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