Never far from the headlines, the region faces a number of significant political and economic challenges. Amidst this, however, the economies of the Middle East offer numerous opportunities for investors, across all sectors.
Jordan
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While Jordan’s economy remains weighed down by a number of challenges, the banks continue to perform strongly, with intended new measures expected to provide a further boost to the industry.
Jordan’s high energy import bills and the frequent power cuts resulting from shortfalls in supplies from Egypt may soon become less of a problem as a new liquefied natural gas (LNG) import facility at the port of Aqaba is set to come on-line by the end of the year.
Jordan’s economy appears to be back on track following multiple external shocks since late 2008, and, while growth remained relatively sluggish at 2.8% in 2013, many analysts predict an average of 4% or higher in the coming years.
Counting on a revival in the tourism sector to help restore vigorous economic growth, Jordan is also looking to promising official data for the first quarter of the year.
After years of discussions and document-drafting, Jordan is poised to introduce a new investment law which the administration hopes will play a key part in reinvigorating the economy.