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Overview

Fiscal reforms and new programmes driving Jordan's progress
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Regulatory reforms aimed at implementing international best practices across banks, capital markets and the insurance industry have been undertaken in Jordan’s financial services sector, which already benefits from stable, well-capitalised and profitable lenders, and rapid growth and diversification in Islamic financial services. Yet, there remains room for improvement. The majority of the population…

Overview

Market shifts as the influence of Jordan's modern retail sector grows
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One of the least-saturated markets in the MENA region for modern retail, Jordan is set to see a new crop of major malls and outlets open throughout 2018, consolidating its reputation as a growth country for the industry. Yet, as with other areas of the economy, prospects depend on overall growth, which has slowed amid regional uncertainties and softening markets. Domestic costs – such as…

Overview

Projects under way to enhance Jordanian transport links
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Greater investment of both time and money into Jordan’s local, regional and international transport networks is expected, with King Abdullah II bin Al Hussein underscoring the importance of building and maintaining effective transit systems. Major public transport projects are currently under way, along with continued expansion of land and sea links. In policy and regulation, new laws are expected…

Overview

Jordan in brief:
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Significant progress in implementing an IMF-backed reform agenda in 2016 marked a turning point for the economy, helping Jordan reduce its budget deficit and bring GDP growth in constant prices from a 25-year low of 2% in 2016 to 2.2% the following year. While the latter figure was still below target, the Jordan Economic Growth Plan 2018-22 aims to put the country back on track towards meeting…

Overview

Turning a corner:
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Green practices and digital methods are in focus as Jordan moves ahead on a new mid-term economic development agenda with the aim of attracting new investment to support double-digit growth in manufacturing, electricity, water, transportation, ICT and construction. Combined with fiscal reforms, this strategy is expected to double GDP expansion by 2022, pushing the kingdom to become a regional leader…
Interview

Abdulwahab Al Bader, Director-General, Kuwait Fund for Arab Economic Development: Interview
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Interview: Abdulwahab Al Bader Which sectors of Jordan’s economy have the most development potential? ABDULWAHAB AL BADER: It is the KFAED’s policy to respect the development priorities of its emerging economy partners. In this way, the KFAED finances projects across various sectors, including transportation, energy, water and sewage, agriculture, industry, education, health, telecommunications…
Interview

Prime Minister Hani Al Mulki: Interview
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Interview:Prime Minister Hani Al Mulki How will the Jordan Economic Growth Plan (JEGP) 2018-22 support Jordan Vision 2025? HANI AL MULKI: The JEGP aims to revive economic momentum and expand the country’s development capabilities by creating sector-specific economic and financial programmes to support the policies laid out in Jordan Vision 2025. The plan seeks to place Jordan on the path…
Interview

Saleh Kharabsheh, Minister of Energy and Mineral Resources: Interview
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Interview:Saleh Kharabsheh How will the Renewable Energy and Energy Efficiency Programme serve to further develop and grow Jordan’s green economy? SALEH KHARABSHEH: Jordan aims to become energy independent, and we are already on track to meet our goal of producing 10% of our energy mix from renewable sources by 2020. Prices are down sharply in this market, and all incentives are set up to…
Interview

Muhannad Shehadeh, Minister of State for Investment Affairs: Interview
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Interview:Muhannad Shehadeh What would you identify as the main priorities in attracting investment in the year to come? MUHANNAD SHEHADEH: Attracting high value-added investments that create jobs and enhance local communities’ development across the kingdom is a central priority and a main concern for me personally. We want to establish Jordan as a regional hub for investments as well as…
Interview

Omar Malhas, Minister of Finance: Interview
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Interview:Omar Malhas How have the regional issues of recent years affected the economy of Jordan? OMAR MALHAS: Regional instability has posed – and continues to pose – severe challenges to economic growth and employment creation. First of all, the closure of borders has resulted in a reduced amount of transit trade, and less trade has the consequence of lower growth rates. For example,…