Even though foreign direct investment (FDI) inflows are poised to rise sharply in the second half of 2012, the Jordanian government is treading cautiously against the background of a still fragile global economy and daily concerns over the level of regional instability on its own doorstep.
With Jordan’s economic outlook at best mixed for the time being, the kingdom’s government is exploring tax increases as one way to keep the budget solvent. However, officials are nevertheless keen to ensure these tax hikes do not hinder common daily economic activity for most of the population, especially now that Ramadan has begun.
As a UNESCO World Heritage Site selected as one of the “new seven wonders of the world” based on a poll organised by the Zurich-based New7Wonders Foundation, Petra is widely regarded as the crown jewel of Jordanian tourism. The historical and cultural importance of the site will be showcased in 2012 when it celebrates the 200th anniversary of...
Which countries have provided the majority of foreign direct investment (FDI) in ASEZA?
In addition to port redevelopment projects, ambitious ventures in the energy, real estate and heavy industry sectors are generating new business opportunities in Aqaba. Tenders for the construction of a new oil terminal, a liquid natural gas (LNG) terminal, and a phosphate and potash export terminal are all due to be awarded in the near future,...
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