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,...
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...
The town of Aqaba and the short strip of coast on which it lies represent Jordan’s only access to the sea. This makes Aqaba a key location for a range of sectors of the Jordanian economy, most notably tourism, transport and logistics, and industry. To encourage development, the town and surrounding areas since 2001 have been designated a special...
Amid rising debt and reduced growth, the government is working to balance measures to boost revenue and stimulate the economy with efforts to reduce public spending. In a delicate political climate, the government is undertaking a review of fiscal legislation in an attempt to carefully rebalance, rather than completely overhaul, key taxation and...
While Iraqi residents of Jordan drive demand across the kingdom’s economy, Jordanian businesses also have an important role to play in the stabilisation and reconstruction of Iraq, especially following the withdrawal of US troops from the country in 2011. Jordanian investors remain hesitant about their neighbour’s security situation and complex...
International relations are pivotal to Jordan’s economic wellbeing. Equally, the international community is aware of the importance of supporting the country within a potentially volatile regional climate. While annual grants help Jordan balance the books, technical assistance programmes and trade agreements are helping to increase economic...
Stay updated on how some of the world’s most promising markets are being affected by the Covid-19 pandemic, and what actions governments and private businesses are taking to mitigate challenges and ensure their long-term growth story continues.
Register now and also receive a complimentary 2-month licence to the OBG Research Terminal.
Register Here×