As a UNESCO World Heritage Site selected as one of the “new seven wonders of the world” based on a poll organised by the Zurich-based New7Wonders Foundation, Petra is widely regarded as the crown jewel of Jordanian tourism. The historical and cultural importance of the site will be showcased in 2012 when it celebrates the 200th anniversary of...
Which countries have provided the majority of foreign direct investment (FDI) in ASEZA?
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...
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