Which sectors of Jordan’s economy have the most development potential?
The Middle East Economy
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Interviews & Viewpoints | Abdulwahab Al Bader, Director-General, Kuwait Fund for Arab Economic Development: Interview from The Report: Jordan 2018
The guide contains listings of some of the leading hotels and resorts in Jordan, contact details for important government offices and services, as well as useful tips and information for business and leisure visitors alike.
While most business activity in Jordan is still concentrated in and around Amman, as the only sea¬port city in Jordan, Aqaba plays an important role in the country’s economy. Since the decision to turn the coastal port city and its surroundings into a special economic zone was announced in 2001, it has grown in significance as an economic base and a tourist destination. Aqaba borders both...
Macroeconomic growth hit a 25-year low in 2016 as ongoing regional volatility continued to constrain trade, exports and investment. The Syrian refugee crisis has exacerbated existing pressures on fiscal stability and social infrastructure, while public debt has been on an upward trend as the government attempts to cover the costs associated with hosting over 500,000 refugees. However, 2016 may...
Chapter | Country Profile from The Report: Jordan 2018
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 kingdom aims to become a regional leader in sectors...
As ongoing volatility continues to hamper growth in the region, Jordan has made significant progress in preserving macroeconomic stability and reducing its fiscal deficit in the past few years. Efforts to the fulfill the stipulations of a $723m extended fund facility agreement with the IMF continue, and the government may need to pursue more widespread reforms to increase income tax revenues and limit tax avoidance so as to sustain recent momentum.