Despite some challenges for Jordan’s economy, 2014 saw trading in real estate continue to post healthy growth along with steady rises in property prices. This was especially true in the capital, Amman, where pressure on land and sought-after areas in the city centre has kept returns high for investors. Elsewhere, the need for lower-cost...
The year 2014 was marked by strong growth in the construction sector, which has become well established as one of Jordan’s key economic drivers. New companies are also entering the market, with an eye towards gaining a share of a major pipeline of projects now beginning to get under way – developments spanning the transport sector, residential...
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...
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...
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