Government incentives on residential purchases helped the real estate sector make significant progress in 2011. According to the Department of Land and Surveys (DLS), it grew by 7.5% from JD5.98bn ($8.4bn) in 2010 to JD6.4bn ($9bn) in 2011. By contrast, real estate agents reported a difficult year for non-residential activity, as office space...
A crucial element of the economy, tourism receipts accounted for 14% of Jordan’s GDP in 2010. Despite a downturn in 2011, there are signs of recovery and initiatives are moving forward to develop the sector, which already offers a wide range of tourism products. Major projects under way include the development of the Dead Sea area and several large-...
The rapid development of Jordan’s education system is one of the Middle East’s success stories. Basic education is near-universal, following steady growth over the past decade, and much of the country’s youth are now enrolled in a rapidly expanding university system. In 2011 Jordan was ranked fourth in the region on the Education Index of the UNDP...
In addition to port redevelopment projects, ambitious ventures in the energy, real estate and heavy industry sectors are generating new business opportunities in Aqaba. Tenders for the construction of a new oil terminal, a liquid natural gas (LNG) terminal, and a phosphate and potash export terminal are all due to be awarded in the near future,...
Many of the world’s major software and hardware IT companies, including Cisco, Dell, Hewlett Packard, Intel, Microsoft, Oracle and Samsung, are present in Jordan. In addition to targeting the local market, a number of these firms use the kingdom as their regional centre. For example, Oracle’s regional office for the Middle East and Africa, as well...
One of Jordan’s premier tourism destinations, Aqaba boasts the highest number of visitor nights outside of the capital, Amman, though as in the rest of the country, the local tourism sector has been negatively affected by regional instability and the eurozone crisis. According to statistics from the Ministry of Tourism and Antiquities, 460,286...
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