AGP Executive Report
Last update: an hour agoEnergy Investment: Jordan plans to present the 450-megawatt Mujib pumped-storage project at the Jordan-EU Investment Conference on Nov. 19. The project would store renewable power and help meet peak demand, alongside proposed solar-plus-battery and wind projects. Business Growth: Small and medium-sized firms make up more than 99% of Jordanian businesses and employ around 60% of the formal workforce, yet contribute less than 30% of GDP. The challenge, a new analysis argues, is helping promising firms scale up and create jobs. Trade and Exports: Jordanian businesswomen are urging a shift toward sustainable investment partnerships and export growth, while exports to Europe are also rising. Investment Climate: Recent reports put foreign investment at JD641 million and real-estate purchases by non-Jordanians at JD186.6 million in the first 10 months, as Jordan promotes legal certainty and closer EU investment ties. Tourism: Tourism revenue reached JD4.5 billion, underscoring the sector’s importance to the economy.
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