Dependent on energy imports and constrained by regional instability, Jordan’s ability to deliver critical projects has been limited in recent years. However, with developments planned across a host of sectors in the medium term, the government is working to increase private sector participation in projects ranging from renewable energy to...
Over the past decade, Jordan’s business environment has experienced significant and rapid changes in terms of both its complexity and competitiveness in global markets. Increased demand for qualified labour, coupled with growing international competition for resources, have forced Jordanian businesses to remain flexible and become more...
The final draft of a new economic programme will set a new path for socio-economic development in Jordan, as part of a wider 10-year blueprint launched in May 2015. Jordan 2025 (also known as Vision 2025) − which was presented by King Abdullah II ibn Al Hussein and Prime Minister Abdullah Ensour − aims to revitalise the economy by targeting...
Despite facing considerable external and domestic headwinds, Jordan’s economy remains resilient, and growth projections for 2015 are positive, with the World Bank forecasting real GDP growth to come in at 2.5%. Over the past five years, the kingdom has been saddled by a rising energy bill and existing challenges have been exacerbated by...
The IMF is anticipating GDP growth of 3.8% in 2015. To what extent do fundamentals account for this projection, and what factors are at play?
Jordan does not hold significant reserves of crude oil and natural gas, and has historically imported the majority of its energy. This has been especially disadvantageous in recent years, as regional volatility has affected gas supplies from Egypt and scuttled a planned pipeline to Iraq, while high oil prices had until recently resulted in the...
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