Jordan Renewables
We have adopted a National Energy Strategy that is driving Jordan to be a net exporter of energy by 2030.
imported 2024-03-17 17:43:07
We have adopted a National Energy Strategy that is driving Jordan to be a net exporter of energy by 2030.
Al Ghad is about change and moving forward, even our logo reflects this notion. We are liberal and try to push the envelope.
We are in a better situation than other banks. Our liquidity ratio is around 130%.
The growth of tourism in the first six months of 2010 was 30%, and in tourism receipts it was 28%.
We have identified the areas we want to enter by looking at 4,000 different industries and business activities.
The current market capitalization amounted to 22 billion JD – that represents about 137% of GDP, which is considered high compared to international standards.
There has been a sort of freeze in supply and increase in demand which is causing the increase we saw in the first six months of 2010.
We are noticing that in Jordan, our market-share is in the upper 50s, sometimes close to 60% of the market, and this is unprecedented in many countries.
We import 96% of our energy from outside of Jordan, not only from Egypt; we import only the gas from Egypt for our electricity generation.
The current strategy ends in 2010 and we already surpassed the target by 35% in terms of revenues. The target was 1.9 billion JD in revenues and eight months ago we reached that number.