Telephone companies in Jordan are set to face a series of challenges in 2014, with the possibility of a new player entering the market at a time when costs and charges are eating into profits.
Jordan
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Business leaders in Jordan are stepping up their calls for government policymakers to consult more closely with them in formulating and implementing economic reforms, stressing the possibility of negative consequences for the private sector.
Economic update | Jordan Year in Review 2013
14 Jan 2014
While growth in Jordan picked up pace in 2013, the external environment continues to weigh on the economy and could slow recovery in 2014.
Strong relationships with allied nations and international financial institutions are paying handsome dividends for Jordan, with multiple entities extending considerable new funding in the form of aid, easy credit and/or investment.
Following the choice of a Russian consortium to build Jordan’s first nuclear power plant, the government hopes it will help alleviate problems far beyond the obvious ones in the kingdom’s energy sector.
Plans to build a new desalination plant on the Gulf of Aqaba are moving forward. While critics argue that the $1bn project, which aims to address a chronic water shortage and save the shrinking Dead Sea, is expensive and potentially damaging, advocates insist the need to proceed couldn’t be clearer.