The value of real estate transactions in 2013 stood at JD6.3bn ($8.9bn), up 15% in nominal terms from JD5.6bn ($7.91bn) in 2012. The sector’s rate of expansion was well above inflation of 5.5%, pointing to substantial real growth. The number of residential apartments sold in 2013 rose to 30,380 from 25,434 in 2012. Of these, 20,084 were 150 sq metres in size or smaller....
Given Jordan’s strategically important location at the crossroads of the Middle East, the country’s transport sector is well placed to become one of the most competitive in the region. With more free trade agreements than any of its neighbours, the sector has continued to show growth over the past year despite ongoing regional instability. At the centre of Jordan’s...
Jordan’s aviation market occupies a medium-sized position within the Middle East. While not quite on par with the rapid increase in international routes that has boosted air travel to Gulf countries like Qatar and the UAE, the kingdom’s airports have nevertheless seen steady passenger growth in recent decades, averaging 9.7% per year between 2006 and 2011.
One of the biggest challenges facing Jordan is keeping up with the rapidly increasing demand for energy, as it continues to grow economically. Energy demand over the past four years increased rapidly after the population grew by an enormous 20% due to the Syrian refugee influx. Sabotage attacks in Egypt halted Egyptian gas supplies to Jordan,...
While Jordan has few oil and gas resources of its own, it does have an abundance of several key natural resources that can potentially be used to produce energy. One of these is oil shale, the sedimentary rock that underlies around two-thirds of the kingdom’s territory – giving Jordan one of the largest deposits of this material anywhere in the world. Oil shale can be...
Unlike its neighbours, Jordan has never had a large oil and gas sector. While Iraq and Saudi Arabia have major hydrocarbons industries, the fields on which these are based seem to barely touch the kingdom, with Jordan thus in the unenviable position of having to import almost all of its oil and gas needs. Yet while small, Jordan’s oil and gas sector still makes a vital...
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