Accounting for just over 3% of the territory of the UAE, Sharjah is the federation’s third-largest emirate, and has long played an important cultural and economic role in the region. Home to seven existing or developing free zones, around 30 museums and various annual festivals that attract visitors from around the world, the emirate continues...
For the nations of the GCC, the drop in oil prices highlighted something many already knew: there is a pressing need for economic diversification and to further engage with global partners across different markets. To this end, countries in the region have made efforts to expand their international role and reach in recent years, with trade...
Green practices and digital methods are in focus as Jordan moves ahead on a new mid-term economic development agenda with the aim of attracting new investment to support double-digit growth in manufacturing, electricity, water, transportation, ICT and construction. Combined with fiscal reforms, this strategy is expected to double GDP expansion by 2022, pushing the kingdom to...
Significant progress in implementing an IMF-backed reform agenda in 2016 marked a turning point for the economy, helping Jordan reduce its budget deficit and bring GDP growth in constant prices from a 25-year low of 2% in 2016 to 2.2% the following year. While the latter figure was still below target, the Jordan Economic Growth Plan 2018-22 aims to...
The aviation sector has been recognised in Jordan’s recent expansion plans as a fundamental driver of the kingdom’s future prosperity, encouraging growth across a variety of sectors, from tourism to trade. Jordan 2025, the long-term development programme, has therefore targeted the Queen Alia International Airport (QAIA) in Amman and the King...
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 underscoring the importance of building and maintaining effective transit systems. Major public transport projects are currently under way, along with continued expansion of land and sea...
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