There were 30 results found for Jordan and Construction

There were 30 results found.

Interview

Taha Al Zboun, CEO, Dead Sea Development Zone: Interview
OBG
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Interview:Taha Al Zboun What more can be done to change the perception that political instability within the region threatens Jordan’s safety and security? TAHA AL ZBOUN: Despite external regional threats, Jordan has remained peaceful and stable, and continues to welcome visitors from all corners of the world. To reassure prospective visitors of the country’s safety, the government is developing…

Interview

Hani Mulki, Chief Commissioner, Aqaba Special Economic Zone Authority (ASEZA): Interview
OBG
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Interview:Hani Mulki How is ASEZA working to attract and retain tourists, and lengthen their stays in Aqaba? HANI MULKI: ASEZA is promoting a sub-brand for Aqaba under the national brand of the kingdom. Part of our strategy is to attract local, regional and international tourists. We are working to create an environment that is conducive to longer stays. In addition to its beaches and sunny…

Overview

Affordable housing remains a priority for the real estate sector
OBG
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Despite some challenges for Jordan’s economy, 2014 saw trading in real estate continue to post healthy growth along with steady rises in property prices. This was especially true in the capital, Amman, where pressure on land and sought-after areas in the city centre has kept returns high for investors. Elsewhere, the need for lower-cost housing continues to grow, with government schemes aimed at…

Overview

New companies enter the market, despite high energy and labour costs
OBG
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The year 2014 was marked by strong growth in the construction sector, which has become well established as one of Jordan’s key economic drivers. New companies are also entering the market, with an eye towards gaining a share of a major pipeline of projects now beginning to get under way – developments spanning the transport sector, residential real estate, energy grids and liquefied natural gas…

Chapter

The Report: Jordan 2015: Construction & Real Estate
OBG
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The year 2014 was marked by strong growth in the construction sector and despite regional volatility slowing rollout for tourism projects, new developments in the residential, transport and energy sectors are expected to continue fueling growth. Indeed, credit extended to the construction sector in 2014 totalled $658m, up from $569m in 2013. In terms of real estate, 2014 saw trading continue to grow…

Economic News

Jordan inks funding deals for wide array of infrastructure projects

The authorities in Jordan have inked more than $600m worth of funding agreements in recent months, with much of it earmarked for the construction of key infrastructure projects in the utilities, health and ICT sectors. While industry participants have expressed concerns over whether Jordanian contractors will benefit from the new projects, the government continues to highlight construction’s importance…

Overview

A number of major developments are currently under way
OBG
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The Jordanian real estate market saw increased sales activity in 2013 as well as price rises in many parts of the capital, which accounts for the great majority of transactions. A number of major mixed-use real estate developments are under way, including the Abdali development in Amman – a major component of which was launched in July 2014 – and several large real estate and tourism developments…

Overview

Beyond homes: Large-scale projects are set to drive growth
OBG
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The construction sector saw renewed growth in 2013 and indicators point to further expansion in early 2014, following a period of contraction in 2012. While housing accounted for the great bulk of construction activity, in terms of the size of licensed projects, large-scale real estate and tourism developments, as well as major infrastructure works, are set to drive most opportunities for large contractors.…

Interview

OBG talks to Taha Al Zboun, CEO, Dead Sea Development Zone
OBG
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Interivew:Taha Al Zboun Given the important role that tourism plays in Jordan’s economy, how important is the Dead Sea? TAHA AL ZBOUN: The Dead Sea is, without doubt, a jewel in the crown of Jordan. Throughout history it has been inhabited, hosting some of the most significant events in our shared history. As a geological feature – the lowest point on Earth – the Dead Sea is unparalleled,…

Analysis

Regional migration and macroeconomic growth support sales
OBG
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The value of real estate transactions in 2013 stood at JD6.3bn ($8.9bn), up 15% in nominal terms from JD5.6bn ($7.91bn) in 2012. The sector’s rate of expansion was well above inflation of 5.5%, pointing to substantial real growth. The number of residential apartments sold in 2013 rose to 30,380 from 25,434 in 2012. Of these, 20,084 were 150 sq metres in size or smaller. However, the number of land…

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There were 30 results found for Jordan and Construction

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