After disruptions to an Egyptian pipeline that had supplied the majority of Jordan’s electricity demand prior to 2011, the Jordanian government is moving to reduce expensive fuel imports and boost domestic generating capacity by building several new power plants. Comprising a diverse energy mix of gas, oil shale and renewable projects, these...
The expansion of Jordan’s renewable energy segment has seen a marked acceleration in recent years, with nearly 1000 MW of solar and wind projects currently being implemented. These developments dovetail with a national strategy aimed at raising the share of renewables in the energy mix to 10% by 2020, equivalent to a generating capacity of...
The financial services sector is one of the most robust and mature in Jordan, remaining resilient in the face of significant external volatility and retaining its role as a driver of economic growth in 2015. The banking sector in particular has been a major source of strength, with the Central Bank of Jordan (CBJ) maintaining a pro-growth...
How would you assess the current compliance environment in the kingdom, and how is this a positive force for business development?
Banks and small businesses welcomed the launch of Jordan’s first credit bureau in 2015, with the new privately owned agency set to improve the kingdom’s lending growth, investment climate and support business financing. Although its establishment was delayed for years as politicians decided how best to roll out the new agency, the bureau...
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