The Port of Aqaba has long provided a gateway not only to Jordan but also to the wider region. Recent times have seen the port undergo a number of major modernisation and expansion schemes, with new facilities and more efficient systems now in place.
Macroeconomic growth hit a 25-year low in 2016 as ongoing regional volatility continued to constrain trade, exports and investment. The Syrian refugee crisis has exacerbated existing pressures on fiscal stability and social infrastructure, while public debt has been on an upward trend as the government attempts to cover the costs associated...
What would you identify as the main priorities in attracting investment in the year to come?
Private investment is an increasingly important part of the government’s development plans as public spending in some areas is reined in amid challenging internal and external conditions. To facilitate this, Jordan is undertaking measures to make its business environment more attractive to private sector players, and is therefore keeping a...
Jordan has significantly reduced its fiscal deficit since it spiked to 10.3% of GDP in 2014. According to the IMF, the deficit fell to 5.3% of GDP in 2015 and to 3.2% in 2016, exceeding earlier predicted targets of 3.8%. The near-term outlook is even more positive, with the IMF forecasting that the figure would drop to 2.5% of GDP in 2017 and...
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