Population (2017): 9.7 million1
GDP (2017): US$42.3 billion (S$57.1 billion)
World Bank “Ease of Doing Business” Rank (2018): 104
Jordan is an attractive business destination for Singapore companies looking to invest in the Middle East and North Africa region.
According to the World Economic Forum’s Global Competitiveness Report 2017-2018, Jordan is considered a safe and stable country by both global and regional standards2.
The Jordanian government maintains good relations with its neighbours by establishing areas of cooperation and providing aid during regional crises. The country remains resilient because of a focus on deep reform, economic growth and development.
Jordan tops the Arab world when it comes to education, with many nations in the region modelling its national curriculum. Jordan's secondary education diploma is also recognised by many world-class universities.
With no natural resources to rely on, the local workforce is Jordan’s most valuable asset. The Jordanian government emphasises heavily on education and the acquiring of relevant skills - allocating an average of 6% of their annual expenditure to the education sector.
Such spending efforts are paying off. In Jordan, the rate of transition to higher education stands at 85%, and literacy rates are slated to reach 100% by 2020.
To ensure Jordanians keep up with technological advances and remain employable in today’s fast-changing global economy, computer literacy is now a mandatory component in Jordan’s national curriculum.
Jordan’s domestic stability enables it to be a transit hub for goods and services in the region. The country has a strong road transport network. Its main highways (Desert Highway, King’s Highway, Dead Sea Highway, and Jordan Highway) connect key cities such as Amman, Aqaba, Irbid, and Jerash.
Jordan is also well-connected to the rest of the world by air and sea. It has three commercial airports that receive and dispatch international flights. Two are in Amman (Queen Alia International Airport and Amman Civil Airport) while the third is in Aqaba (King Hussein International Airport). Notably, the US$700 million, state-of-the-art Queen Alia International Airport has the capacity to handle over 16 million passengers annually.
As the only port in Jordan, the Port of Aqaba is strategically located between four countries and three continents. This allows it to serve as an exclusive gateway for the local market as well as a transit cargo port for neighbouring countries.
To stay updated on Jordan market information and insights, subscribe to our newsletter.