Jordan Industry Sector
The industrial sector, including mining and extraction, accounts for 20% of GDP, and a larger amount of exports. One of its greater success stories is the The King Abdullah Design and Development Bureau (KADDB).
imported 2024-03-17 17:43:07
The industrial sector, including mining and extraction, accounts for 20% of GDP, and a larger amount of exports. One of its greater success stories is the The King Abdullah Design and Development Bureau (KADDB).
The growth of tourism sector was 30% (28% of tourism receipts) in the first six months of 2010. The targets of current strategy that ends in 2010 was surpassed by 35% in terms of revenue reaching 1.9 billion JD.
2008-09 were difficult years for the real estate sector in the region, and Jordan was indirectly one of the countries hit with the global crisis. The total value of property deals in Jordan rose 18 percent in the first six months of 2010 compared to 2009.
97% of Jordan’s energy needs are currently being satisfied by imports. Jordan’s energy bill is around 23% of the GDP. Demand for electricity will continue to rise from 2,260 megawatts in 2008 to 6,000 megawatts by 2020.
Despite the minor drop in ratings, the Banking sector in Jordan is healthy and enjoys an increasingly sound operating environment. The top players are Arab Bank, Housing Bank for Trade and Finance and Jordan Islamic Bank.
Jordan telecom sector is dominated by three players, the incumbent Jordan Telecom Group (Orange), Zain Jordan and Umniah, operated by Batelco Bahrain. The sector is mature and the penetration rate is close to 110%.
Lina Annab, General Manager of Zara Investment, which is the largest employer in the 5-star hotel industry in Jordan and controls approximately 30% of the Hashemite Kingdom’s total room inventory of 5-star hotels, discussess the tourism sector in Jordan.
With Jordan mobile penetration rate reaching above 110% in 2010, Abdul Malik Al Jaber provides an outlook for Jordan telecom sector and how the different players are going to compete. According to Mr. Al Jaber, the name of the game in Jordan telecom sector is going to be the content and applications.
Hussein Dabbas provides his views on the global and Middle East situation in the aviation sector and predicts the trends in the industry. Mr. Dabbas also outlines Royal Jordanian Airlines strategy and measures that have been taken in order to mitigate the effect of the global crisis.
Dr. Moayad Samman discusses his strategy for Mawared, an independent state-owned corporation and the largest real estate developer in Jordan, leading Jordan’s drive towards urban regeneration and inner city development.