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Jordan

Jordan news and analysis, tenders, contracts awarded, commentary and economic data

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Country data

Iran 2008 2009 2010 2011 2012f 2013f 2014f
Nominal GDP ($bn) 22.0 23.8 26.4 28.9 31.0 33.9 36.5
GDP per capita ($) 3,757 3,987 4,326 4,618* 4,843 5,174 5,456
Real GDP growth (annual change, %) 7.2 5.5 2.3 2.6 2.7 3.3 3.5
Government revenue (% of GDP) 30.1 26.5 24.9 26.4 23.0 25.3 27.4
Government total expenditure (% of GDP) 34.4 35.0 30.4 33.2 31.2 30.6 31.8
Total government debt (gross, % of GDP) 60.2 64.8 67.1 70.7 80.2 87.7 91.3
Current account balance (% of GDP) -9.3 -3.3 -5.3 -12.0 -18.1 -11.0 -12.9
Value of oil imports 3.7 2.5 3.4 5.5 6.4 5.9 5.8
Value of oil exports 0 0 0 0 0 0 0
Inflation (%) 13.9 -0.7 5.0 4.4 4.6 5.5 3.0
Click to see full economic data (2005 - 2018 forecast)
Source: International Monetary Fund, World Economic Outlook Database; Last updated: July 2014; *=Estimate

Jordan trends

Promising development: Amman is now studying a proposal to issue its first Islamic bond

Wider Middle East ripe for Islamic finance Subscription

18 September 2014 | By Richard Nield

Sharia-compliant banking has yet to take off across most of the Levant and North Africa. But growing support from governments could soon lead to a boom in demand

Jordan oil shale deposits

Amman to tackle energy security crisis with oil shale production Subscription

31 August 2014 | By

By 2020, the government expects oil shale to provide 14 per cent of Jordan’s energy requirements

Regional backing: King Abdullah’s GCC support means he can resist calls for reform from the West

Jordan's king plays a clever hand Subscription

14 August 2014 | By James Gavin

King Abdullah’s small political concessions have calmed domestic social unrest and have prevented Jordan from plunging into crisis

Aqaba port, Jordan

Amman advances with flagship projects Subscription

14 August 2014 | By Richard Nield

Jordan has made good progress with its ports and airports expansions, but its rail ambitions have gone unmet

According to government figures, Syrian refugees make up 13 per cent of Jordan’s population

Overseas funding supports economic recovery in Jordan Subscription

14 August 2014 | By Richard Nield

Despite the conflicts raging in neighbouring countries, Jordan has been able to revive its economy using external funding and monetary policy reform

Nuclear turbine

The high costs of the nuclear option Subscription

7 August 2014 | By

The region’s major economies have turned to nuclear power to address future energy shortages, but there are many hurdles to be overcome if they are to realise their atomic energy ambitions

Financing nuclear power will provide a stiff challenge for Jordan

Jordan's nuclear programme Subscription

7 August 2014 | By

Amman has made progress with its plans, but faces some difficult challenges to reach its goal of generating one-third of its power needs via nuclear by 2030

World map of phosphate production and consumption

Supplying fertilisers to the world Subscription

4 August 2014 | By

The Middle East’s burgeoning phosphates fertiliser sector is dominated by Morocco and Saudi Arabia

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MEED comment

Pylon

Energy key to Jordan’s security

21 August 2014 | By

Amman has been forced to buy expensive fuel oil to meet the shortfall in gas supplies

Solar

Lesson of Jordan’s renewables delay Subscription

24 July 2014 | By

Amman’s alternative energy setback could prove a valuable lesson for the country and the wider region

Renewable energy

Jordan sets model for renewables Subscription

12 June 2014

Amman has progressed with 12 solar projects, paving the way for other countries in the region to follow suit

Jordan

Jordan closes in on autonomy Subscription

9 January 2014 | By

Amman has realised the need for energy independence and is making progress on renewable, nuclear and shale oil schemes

Ambition: Jordan is unwavering in its nuclear plans

Reviving the nuclear debate in Jordan Subscription

7 November 2013 | By

Amman’s persistence in pushing ahead with its programme shows nuclear power can still play a huge role in providing energy to the region

Renewable energy: A top priority for Amman

Jordan moves on renewable power Subscription

17 October 2013

Amman’s need to reduce its reliance on gas imports is stimulating solar and wind power projects investment

Pipeline

Iraq pipeline plans delayed

10 October 2013 | By

Government approvals are holding up a planned export pipeline linking Iraq to Jordan, but a fall in oil revenues could add fresh impetus to the scheme

More MEED commentary

Special reports

Amman, the capital of Jordan

Jordan: Wider unrest leaves fiscal recovery in balance

14 August 2014

Jordan’s fragile economy faces more challenges as fallout from Iraq conflict adds to pressure from the civil war in Syria

Region: Political stability a must to be able to go nuclear

Nuclear: Backing key to plans

7 August 2014

The highly regulated nature and requirements of the nuclear power industry means foreign support is key to the region’s ambitions

More Jordan special reports

Market presentations

Top 10 projects

Rank

Rank Project Name Sector Contract value ($m)
1 Karak Oil Shale Power Plant Power 2,500
2 The Red Sea Astrarium Construction 1,550
3 Port of Aqaba LPG Terminal Gas 800
4 Amman IPP3 Power 552
5 Attarat Um Ghudran Power Plant Power 540
6 Abdali Mall Construction 441
7 Saraya Aqaba: Phase 1: Jumeirah Al Qala'a & Qasr Al Aqaba Construction 350
8 Aqaba New Port: Grain Terminal Industrial 320
9 Royal University for Medical Sciences Construction 300
10 Tafila Wind Farm Power 280
Click through to the full data table on Jordan's biggest projects in construction
Click through to MEED's Q2 2014 Top 100 Projects report
Source: MEED Projects; Data compiled: September 2014; All projects are in execution

Tenders

Jordan: OT services Subscription

11 September 2014 | By

Provision of occupational therapy (OT) services

Jordan: EEG and EMG machines Subscription

11 September 2014 | By

Supply of an EEG and an EMG machine

Jordan: Tissue processor Subscription

11 September 2014 | By

Supply of a tissue processor

Jordan: Building construction Subscription

11 September 2014 | By

Construction of a building for boilers’ operators and a meeting room for a power plant

Jordan: Health centre Subscription

6 September 2014 | By

Implementation of a health centre

Jordan: Water storage tank Subscription

8 August 2014 | By

Turnkey design, supply, construction, testing and commissioning of a 9,000-cubic-metre atmospheric water storage tank

Jordan: Gasoline Subscription

7 August 2014 | By

Supply of gasoline

Jordan: Solar PV projects Subscription

7 August 2014 | By

Carrying out solar photovoltaic (PV) projects

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Project awards

Plant

Jordan signs fertiliser deal with Chinese group Subscription

17 September 2014 | By

State mining group plans to build $350m phosphates plant in Aqaba

First Solar wins Shams Maan photovoltaic plant contract

First Solar wins Jordan plant contract Subscription

6 August 2014 | By

US firm will build 52.5MW Shams Maan photovoltaic plant

Jordan signs agreements for initial renewables round Subscription

10 June 2014 | By

12 developers will build and operate photovoltaic power plants in Jordan

Drake & Scull wins contracts in Jordan Subscription

1 June 2014 | By

Work involves providing engineering services at Saraya Aqaba development

OHL selected for Jordan strategic reserves terminal Subscription

19 May 2014 | By

Spanish company OHL to build $165m petroleum products storage facility near Amman

Jordan awards 52.5MW solar plant contract Subscription

24 March 2014 | By

Jordanian photovoltaic solar plant will be built under a 20-year power purchase agreement

Jordan selects contractors for water pipelines Subscription

18 March 2014 | By

Two more contracts to be awarded in the second quarter

Trina Solar awarded power contract in Jordan Subscription

17 March 2014 | By

Chinese firm Trina Solar will install 2MW solar panels for Jordan food supplier

Companies

Karak International Oil Subscription

Karak International Oil (KIO) is a Jordanian mining and oil shale processing company

The Housing Bank for Trade and Finance logo

Housing Bank for Trade and Finance Subscription

The Housing Bank for Trade and Finance, established in 1973, is to provide housing finance in Jordan.

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People

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