While most economic activity in Jordan is concentrat-ed in Amman, the southern city of Aqaba is playing an increasingly significant role. The city sits at the Red Sea’s north-eastern tip and roughly 300 km to the south of the capital. With a history dating back to 4000 BCE, the area has long been a centre for trade. Today, Aqa-ba is home to a...
The future of Aqaba’s economy depends partly upon the development of its transport infrastructure, with industry and tourism reliant on the effectiveness of transport links. And as the Gulf of Aqaba’s largest city and Jordan’s only seaport, the implications of its trans-port industry spreads well beyond the local economy.
Faced with a number of external shocks in recent years, Jordan’s economy has shown a remarkable resilience in dealing with successive challenges. The Hashemite Kingdom has continued to grow in a recession-hit and risk-averse climate, and the government is demonstrat-ing a determination to tackle longstanding structural reforms. The...
In 2012, faced with a range of major economic chal-lenges, the Jordanian government began implement-ing a new macroeconomic programme. This aimed at reducing the kingdom’s vulnerability to external shocks, particularly in the realm of energy prices and supply, while also seeking a fair distribution of the burdens that the fiscal deficit was...
In light of the challenging economic environment, how is the Jordan Investment Board developing strategy to encourage foreign direct investment?
To many regional investors, Jordan’s neighbour to the north-east – Iraq – has long been a glittering, if elu-sive, prize. With the world’s largest proven oil reserves at 350bn barrels and a population of 33m, Iraq is a major market on Jordan’s doorstep. Yet years of conflict and occupation have made steady nerves a requirement. For many years...
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