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Analysis

Jordanian state strategies aim to foster renewable energy development
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In the June 2017 Jordan Economic Monitor report co-sponsored by the Ministry of Planning and International Cooperation, the World Bank reported that the country’s green energy segment holds considerable potential to reduce fiscal, economic and environmental vulnerabilities. In addition to the adoption of climate-friendly fiscal policies and greater mobilisation of climate finance, were recommendations…

Analysis

Solar energy continues to offer development opportunities in Jordan
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Solar power is set to play an important role in helping achieve Jordan’s goal of having renewables meet 10% of its energy needs by 2020. Regional volatility and a lack of hydrocarbon reserves spurred the government to develop one of the most comprehensive policy frameworks for renewable energy projects in the Middle East. Currently, the solar production base includes water heaters and air conditioning…

Analysis

Improving Jordan's rankings on international indices key to unlocking private investment
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Private investment is an increasingly important part of the government’s development plans as public spending in some areas is reined in amid challenging internal and external conditions. To facilitate this, Jordan is undertaking measures to make its business environment more attractive to private sector players, and is therefore keeping a keen eye on its ranking in the World Bank’s “Doing Business”…

Analysis

Jordan's budget given boost by higher tax revenues
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Jordan has significantly reduced its fiscal deficit since it spiked to 10.3% of GDP in 2014. According to the IMF, the deficit fell to 5.3% of GDP in 2015 and to 3.2% in 2016, exceeding earlier predicted targets of 3.8%. The near-term outlook is even more positive, with the IMF forecasting that the figure would drop to 2.5% of GDP in 2017 and 0.4% in 2018. Debt instruments have played an important…

Analysis

Jordan's rail system looks to move beyond hauling domestic freight
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With one of the region’s first rail links – the Hejaz Railway – running through its territory in the early 20th century, Jordan has a long history when it comes to rail transport. The kingdom still has two important railroads that carry freight, and there are plans for a major extension of the system to add more stations and routes, as well as increase passenger numbers. Sector planners see…

Analysis

Port upgrades and expansion programmes to support growth in Aqaba
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The Port of Aqaba has long provided a gateway not only to Jordan but also to the wider region. Recent times have seen the port undergo a number of major modernisation and expansion schemes, with new facilities and more efficient systems now in place. However, despite the upgrades, there is still room to streamline procedures and reduce bottlenecks. A lack of space is also a challenge, with plans for…

Analysis

Multiple approaches to increase Jordan's water supply and meet growing demand
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In June 2015 the Ministry of Water and Irrigation (MoWI) launched the National Water Strategy (NWS) 2016-25, which aims to reduce costs and boost annual water supply by 550m cu metres through exploration, drilling and infrastructure investment. The Red Sea Dead Sea Conveyance (RSDS) project is one of the main projects under the plan; however, drilling activity in the Shidiyeh-Al Hasa deep aquifer is…

Analysis

Jordan's textiles, garments and accessories segment pushes into new markets
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The textiles, garments and accessories segment has been a success story of Jordan’s industry. The ready-wear, footwear and fabric manufacturers have grown despite difficult business environments. The segment is likely to benefit from a relaxation of the rules of origin (ROO) agreement with the EU, as more companies raise standards to meet materials-sourcing and employment criteria. Companies…

Analysis

Initiatives to expand e-government support Jordan's ongoing digital transformation
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E-government services will play an important role in supporting Jordan’s mid-term development strategy. The Jordan Economic Growth Plan (JEGP) 2018-22 targets 12% annual growth in the ICT sector during the period. Planned improvements to the kingdom’s business environment entail launching new online business licensing and other services, while efforts to crack down on corruption and boost…

Analysis

New initiatives driving technology use among students and teachers in Jordan
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In its most recent Trends in International Mathematics and Science Study, published in 2015, the International Association for the Evaluation of Educational Achievement (IAE) reported that ICT is essential for the development of a knowledge economy. The IAE highlighted Jordan as a regional model for the use of ICT in education, despite the newness of many initiatives. ICT Benefits The…