The future of Aqaba’s economy depends partly upon the development of its transport infrastructure, with industry and tourism reliant on the effectiveness of transport links. And as the Gulf of Aqaba’s largest city and Jordan’s only seaport, the implications of its trans-port industry spreads well beyond the local economy.
Located in the heart of the Middle East and with access to the Red Sea, Jordan is well positioned to serve as a regional logistics centre – a role the country’s leaders are working to expand. In the 1990s the trans-port sector, along with communications, accounted for 0.47% of total real economic growth, according to International Monetary Fund (IMF...
How do you see Aqaba’s status as a regional cen-tre for logistics and transport, and what implica-tions will it have on Jordan’s overall growth?
Amman has seen rapid population growth since becom-ing Jordan’s capital. Between 1996 and 2012 alone, the number of residents rose by 48% from 1.67m to 2.47m, according to data from the Department of Sta-tistics. Increased population has brought with it more pressure on the city’s transport infrastructure. Although the municipality has worked to...
The past several years have seen significant changes in Jordan. The state is pushing ahead with structural reforms that should provide a sound base for future development, as the economy shows signs of a brisk recovery from the difficult years it has faced in the wake of the global financial crisis.
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×