Jordan Retail Sector Research Highlights

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

Jordan state policy and improving conditions to boost manufacturing and international trade
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The manufacturing, mining, quarrying and construction sectors continue to be pillars of Jordan’s economy, collectively accounting for around one-fifth of GDP in 2016. In recent years stable figures have been achieved despite adverse regional events, including war, border closures, population displacement and global market softening. This continued expansion and development is a testament…

Interview

Yarub Qudah, Minister of Industry, Trade and Supply: Interview
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Interview: Yarub Qudah How would you assess current levels of foreign direct investment (FDI) in the industrial sector? YARUB QUDAH: In 2016 FDI reached JD1bn ($1.4bn) compared to JD1.14bn ($1.6bn) in 2015. Jordan’s business environment is conducive to attracting new investments, expanding current agreements and encouraging new partnerships across a variety of sectors. Freedom in the trade and…

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…

Chapter

The Report: Jordan 2018: Industry & Retail
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The manufacturing, mining, quarrying and construction sectors continue to be pillars of Jordan’s economy, collectively accounting for around one-fifth of GDP in 2016. In recent years stable figures have been achieved despite adverse regional events, including war, border closures, population displacement and global market softening. As the relaxed rules of origin agreement with the EU began to affect…

Country Report

The Report: Jordan 2018
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The country has made progress in key areas, reducing its fiscal deficit from 10.3% of GDP in 2014, to 3.2% in 2016 and an estimated 2.5% in 2017. Real GDP growth has also seen improvement, rising from a 25-year low of 2% in 2016 to 2.2% the following year. Moving forward the focus is set to shift towards green and digital expansion in line with the country’s new mid-term economic agenda, the Jor

Economic News

Jordan’s retail sector gains momentum
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A raft of new retail outlets and mall expansions are boosting supply in Jordan’s retail sector – all part of a significant pipeline of projects seeking to capitalise on the country’s rising spending power and growing population. The new openings should create further opportunities for investors in a market where the range of shopping options is broadening, driven by growing popularity of mixed-use…

CEO Survey

Jordan Economy Infographic 2016: Turning towards opportunity

Despite facing a set of extraordinary external and internal challenges over the past several years, the Jordanian economy remained resilient in 2015, with real GDP growth reaching 2.4% that year. The government is working with the IMF to implement fiscal reform policies, supported by low global oil prices, to reduce the kingdom’s fuel import bill, which should have seen GDP growth and major macroeconomic…

Chapter

The Report: Jordan 2016: Industry & Retail
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Jordan’s industrial sector continues to grow, with phosphates and potash, chemicals and pharmaceuticals, and textiles and garments all seeing expansion in both net profits and volume in 2015. That these segments have grown in the face of global economic headwinds and in a region directly affected by major geopolitical tensions demonstrates the sector’s resilience and ability to adapt. The government,…

Analysis

Aqaba's port helping to boost Jordan's manufacturing and transport sectors
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By leveraging its strategic location on the Red Sea, a short distance from the Israeli, Egyptian and Saudi Arabian borders, Aqaba has become a lively base for manufacturing industries, as well as a transport and tourism centre. The rail and road network for the rest of the kingdom also begins here, connecting industries with the main domestic markets of Amman and the north, as well as a range of other…

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Jordan Retail Sector Research Highlights

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