With one of the region’s first rail links – the Hejaz Railway – running through its territory in the early 20th century, Jordan has a long history when it comes to rail transport. The kingdom still has two important railroads that carry freight, and there are plans for a major extension of the system to add more stations and routes, as well as...
Greater investment of both time and money into Jordan’s local, regional and international transport networks is expected, with King Abdullah II bin Al Hussein...
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.
An airport infrastructure expansion set to come into operation this year will help Kuwait keep pace with strong growth in passenger movements, as local carriers continue with network expansions and fleet upgrades.
Rising demand for freight handling, logistics and subsidiary services, along with an expansion into leisure, is driving growth in Dubai’s maritime sector, helping the emirate cement its position as a global leader in the industry.
Much of the increase in...
Although Bahrain has faced economic headwinds in recent years, the modest recovery of oil prices in 2017 bodes well for the future in addition to the non-oil sector driving growth, with activities unrelated to hydrocarbons extraction forecast to expand by 3.9% in 2018.
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