AGP Executive Report

Zarqa Development Push: Prime Minister Jafar Hassan announced a three-year executive programme for Zarqa worth over JD800 million, with 155 projects (77% completion so far) targeting healthcare, education, public transport, plus industrial growth and jobs. Public Transport Upgrade: The Land Transport Regulatory Commission launched direct bus routes linking Jerash and Balqa to King Hussein Medical Center, with 16 daily trips per line and electronic payment and safety systems. Water Security Investment: Coverage highlights Jordan’s Aqaba–Amman National Water Carrier/Desalination push as a flagship infrastructure effort to tackle water scarcity, with multi-billion-dollar financing and a move toward implementation. Trade & Diplomacy: Jordan’s Deputy PM and Foreign Minister Ayman Safadi met Algeria’s FM Ahmed Attaf in Amman to boost cooperation in economic, agricultural, health and pharma sectors, including work on preferential trade goods and the Jordanian-Algerian Business Forum. Finance & Markets: The Amman Stock Exchange edged down 0.15% on Sunday, while local gold prices stayed stable. Industry Output: Jordan’s manufacturing sector is reported at about $21bn annually, with chambers citing strong value-added contributions and export activity in northern industry.

Zarqa Push: Prime Minister Jafar Hassan unveiled an executive development programme for Zarqa worth over JD800 million across three years, targeting water (JD300m), health, education, and transport, with 155 projects (75 completed) and a 77% implementation rate. Public Transport Upgrade: The Land Transport Regulatory Commission launched direct Jerash/Balqa–King Hussein Medical Center routes, with electronic payment and surveillance, running 7am–7pm and averaging 16 trips daily per line. ASE & Markets: The Amman Stock Exchange edged down 0.15% on Sunday, while a separate report said the ASE ranked 1st regionally and 13th globally in general index growth; gold prices in Jordan stayed steady (21-karat selling JD85.30/g). Industry & Trade: Jordan’s manufacturing output was cited at about $21bn annually, with added value around $9.3bn and roughly 254,000 workers; Irbid Chamber said certificates of origin hit $107m in May, led by textiles/leather ($92.6m). Social Security: A commentary highlights the reappointment of Dr. Hazem Al-Rahahleh as Social Security Corporation DG for a second term amid ongoing sensitivity around social security law reforms.

Inflation Watch: Jordan kept inflation well below the global average over 2021-2025, averaging 2.198% versus 5.194% worldwide, as the Kingdom absorbed pandemic reopening shocks, shipping bottlenecks and energy-price spikes with subsidies and Central Bank of Jordan support. Industry & Jobs: Jordan’s manufacturing “value-added” industries are now described as the industrial backbone, with current production around $21bn and added value estimated at $9.3bn (about 45% of production), supporting roughly 254,000 workers across some 18,000 establishments. Port Tech Upgrade: In Aqaba, ASEZA, Aqaba Development Corporation and AD Ports launched Maqta Ayla Digital Solutions to run an AI-enabled truck control and monitoring system, aiming to cut waiting times and boost Aqaba’s logistics efficiency. MICE Push: JCDCF approved final designs and started engineering works for the Amra International Convention and Exhibition Centre (about JD50m), targeting 16,000 sqm of exhibition space and 12,000 sqm for conventions. IMF Financing: The IMF approved Jordan’s fifth review of its reform programme, unlocking $188m financing.

Amra City MICE Push: JCDCF approved final designs and launched engineering works for the Amra International Convention and Exhibition Centre, a JD50m project with 16,000 sqm of exhibition space and 12,000 sqm for conventions, targeting 15,000 visitors and boosting MICE tourism near Queen Alia airport. Aqaba Port Digital Leap: ASEZA, Aqaba Development Corporation and AD Ports launched Maqta Ayla Digital Solutions (and the Noatum Ports Maqta Ayla JV) to run AI-enabled truck control and a port community system, aiming to cut waiting times and streamline permits as throughput rises to 3,500–4,000 trucks/day. Inflation Snapshot: Jordan’s inflation averaged 2.198% over the past five years, below the global 5.194%, with the Kingdom described as containing the 2021–2025 price surge. Industry Output: Jordan Chamber of Industry says value-added manufacturing underpins the sector, with current production around $21bn annually and added value about $9.3bn (45% of output).

Central Bank Watch: Jordan’s Central Bank kept its key interest rate unchanged at 5.75%, citing stable monetary indicators, solid FX reserves (about $27.2bn at end-May) and subdued inflation. Water Infrastructure: The Water Ministry and KfW signed a €127m package to move Jordan’s National Water Carrier Project forward, including a €102m grant and €25m debt-swap support for desalination, pipelines and solar components. Trade & Logistics Tech: AD Ports Group launched Noatum Ports – Maqta Ayla Digital Solutions in Aqaba, starting a Port Community System to streamline permits, truck management and information flow. PPP & Border Gateway: Jordan’s Investment Ministry issued an RFQ for the Jaber Border Crossing redevelopment under a DBFOM PPP model, with a 3 August 2026 deadline for qualification submissions. Green Industry in Aqaba: Jordan Green Ammonia secured Aqaba land for a flagship green ammonia/export facility, targeting 120,000 tonnes annually and aiming for financial close by end-2027. Mining Update: Wadi Araba Minerals advanced the Abu Khushaibah copper project with new exploration drilling and workforce development pacts, alongside preliminary works for an ore-processing plant. Development Finance: Jordan’s Planning Ministry signed six financing/grant agreements in May worth about €158.9m, including EU support for border management and Syrian refugee programmes and a GIZ push for financial inclusion in MSMEs.

IMF Financing Boost: Jordan is set to receive about $188m in fresh IMF support after the Executive Board completed the fifth review of its reform programme, unlocking disbursements under the EFF and RSF to back macro stability, debt reduction and private-sector jobs. Central Bank Watch: The Central Bank of Jordan kept its key interest rate at 5.75%, citing stable monetary indicators and strong external buffers, including FX reserves at $27.2bn end-May. Water Security Deal: Water and Irrigation Minister Raed Abu Saud and KfW signed a €127m package for the National Water Carrier Project, including a Red Sea desalination plant and pipelines to add about 300m cubic metres of drinking water annually from 2030. Green Industry Push: Jordan Green Ammonia secured Aqaba land via ASEZA for a $1bn green ammonia facility targeting 120,000 tonnes annually, with FEED under way and financial close targeted for end-2027. Border Trade Upgrade: The Ministry of Investment launched an RFQ for the Jaber Border Crossing redevelopment under a PPP DBFOM model, aiming to improve cargo handling and logistics efficiency. Aqaba Port Digitisation: ASEZA, ADC and AD Ports Group launched Maqta Ayla Digital Solutions to run and expand Aqaba’s truck control and monitoring system to raise logistics efficiency.

Aqaba’s green and digital push: ASEZA and Jordan Green Ammonia (JGA) signed a land lease to build Jordan’s first commercial green ammonia facility in Aqaba, aiming to boost clean fuel exports and jobs. Port logistics upgrade: ASEZA, Aqaba Development Corporation and AD Ports Group launched Maqta Ayla Digital Solutions to run Aqaba’s truck control and monitoring system, tightening flow and permits at the port. Water security financing: Jordan and KfW signed an agreement to move ahead with the National Water Carrier Project, adding €127m (including a €102m grant) to deliver about 300m cubic metres of extra drinking water annually from 2030. IMF support: The IMF approved Jordan’s fifth review under its reform programme, unlocking about $188m to back macro stability and reforms amid regional headwinds. Trade finance for SMEs: Jordan Ahli Bank signed a confirming bank agreement with the EBRD to strengthen trade facilitation and help local firms access international markets. Investment pipeline: The Ministry of Investment launched an RFQ for the Jaber Border Crossing development under a PPP model, targeting higher capacity and smoother passenger and cargo movement. Business diplomacy: Jordan and Pakistan agreed to activate their Joint Business Council to expand trade and investment exchange.

IMF Financing Boost: The IMF approved the fifth review of Jordan’s Extended Fund Facility and the second review of the Resilience and Sustainability Facility, unlocking about $188m to support reforms and resilience amid regional shocks. Monetary Policy: The Central Bank of Jordan kept its key interest rate unchanged at 5.75%, citing stable monetary indicators, with foreign reserves at $27.2bn (end-May) and inflation at 1.88% in the first five months. Water & Infrastructure Deals: Jordan and Germany signed an agreement to advance the National Water Carrier Project, including a 127m-euro package via KfW and a debt-swap; separately, Jordan and Germany also move forward on mega desalination plans. Trade & Banking: Jordan Ahli Bank signed a confirming bank agreement with the EBRD to strengthen trade finance for SMEs and cross-border transactions. EU Investment Push: Jordan and the EU confirmed a major Jordan-EU Investment Conference on Nov 19, 2026 at the Dead Sea under King Abdullah II’s patronage. Ports Digitalization: AD Ports Group launched Noatum Ports–Maqta Ayla digital solutions in Aqaba, including a port community system and truck management digital window. Business Diplomacy: The Jordan Chamber of Commerce and Pakistan agreed to reactivate the Joint Business Council to boost trade and investment ties. Regional Context: OIC participation in UNRWA advisory talks in Amman called for comprehensive international protection and sustained funding for the agency.

IMF Support for Jordan: The IMF Executive Board approved the fifth review of Jordan’s Extended Fund Facility and the second review of its Resilience and Sustainability Facility, unlocking about $188m in fresh financing ($134m EFF, $54m RSF). The fund said Jordan kept macro stability despite regional security pressures, citing steps on energy security, protecting trade and supply chains, and targeted support for tourism and industry, alongside continued help via the National Aid Fund. Green Hydrogen Push: Jordan’s Cabinet also approved a land-use agreement with China’s United Energy Group (UEG) to complete feasibility studies for a green hydrogen/green ammonia project, part of efforts to position the Kingdom as a regional hub for clean fuels and low-carbon exports. EU-Jordan Investment Link: The EU and Jordan confirmed a major Jordan-EU Investment Conference 2026 at the Dead Sea on Nov 19, 2026, aiming to deepen trade and investment ties and attract European capital for Jordan’s growth sectors.

IMF Financing Boost: The IMF approved Jordan’s fifth review under its Extended Fund Facility and second review under the Resilience and Sustainability Facility, unlocking $188m in fresh support as the programme stays on track despite regional security pressures. Green Hydrogen Push: Jordan’s Cabinet approved a land-use agreement with China’s United Energy Group (UEG) to complete feasibility studies for a green hydrogen/green ammonia project, aiming to position the Kingdom as a regional hub for clean fuels and exports. Digital Payments Snapshot: Jordan’s eFAWATEERcom processed JD6.51bn in transactions since the start of 2026, with 33.93m transactions and 5.25m users in May, while transaction value dipped month-on-month. Energy Security Angle: Commentary in Jordan’s business press highlights the Strait of Hormuz risk and the wider regional energy shock, underscoring why energy security and supply stability are now central to economic planning. Tech Investment Link: Crown Prince Hussein met Playground Global in California to explore cooperation and investment opportunities for Jordan’s tech sector, including advanced talent development. Regional Humanitarian Funding: The Arab League urged sustained political and financial support for UNRWA amid worsening humanitarian and financial crises. Banking & Trade Expo: Housing Bank sponsored the Franchise & Trade Agencies Expo 2026, backing financing and digital services to connect Jordanian businesses with regional partners, especially Iraq.

Energy & Trade Risk: Iran announced a complete closure of the Strait of Hormuz to all shipping, escalating after U.S. airstrikes and raising fears of major oil-price shocks and supply disruption that could hit Jordan’s import costs and regional logistics. Regional Diplomacy: The U.S.-Iran memorandum of understanding is drawing mixed reactions across the Middle East, with many warning it may only pause tensions rather than solve the core disputes. Jordan’s Economy Watch: JoPACC data shows bounced cheques rose in May to 18,600 cases worth JD103.6m, up from JD72.4m in April—an early signal of payment stress. Business & Energy Policy: Jordanian commentary highlights the push to better monetize gas, oil shale and minerals, arguing that weaker exploration capacity has held back investment and revenue potential. Local Governance & Infrastructure: Jordan’s World Cup debut is driving public viewing setups in Amman and beyond, while authorities also allow prisoners to watch—an example of how major events are being used to boost national morale. Finance & Banking: Reports say an Israeli bank is preparing to sever West Bank clearing ties in September, a move that could further strain an already fragile Palestinian economy.

Energy & Trade Risk: Iran’s newly created Persian Gulf Strait Authority says it has fully closed the Strait of Hormuz to shipping, a move analysts warn could jolt global oil markets and push prices sharply higher, while regional strikes involving U.S. forces and countries including Jordan raise fears of wider disruption. Regional Diplomacy: In parallel, Gulf states and Jordan condemned Iran’s attacks at the UN Human Rights Council, while regional governments welcomed a U.S.-Iran MoU aimed at easing hostilities and reopening navigation. Jordan’s Energy Efficiency: Jordan’s Rehab Power Plant inaugurated a fogging system to boost gas-turbine efficiency during peak summer demand, reinforcing efforts to protect electricity supply. Digital Payments Growth: Jordan’s CliQ instant payments platform processed nearly JD9.7bn in the first five months of 2026, with May alone hitting JD2.13bn and 21.43m transactions. Phosphate Investment Talks: Jordan Phosphate Mines Company (JPMC) met Uzbekistan to explore joint phosphate fertiliser projects, including potential preferential inputs like ammonia, gas and sulphur. Infrastructure & Logistics: Turkey’s transport minister says a rail link connecting Saudi Arabia, Jordan, Syria and Turkey could be ready in 3–4 years, aiming to move goods and energy while bypassing Israel.

Energy & Trade Risk: Iran says it has shut the Strait of Hormuz to all shipping in retaliation for U.S. airstrikes, raising fears of major oil-price shocks and wider regional disruption. Regional Diplomacy: The U.S.-Iran MoU is getting broad international backing, with hopes for a ceasefire and steps toward reopening Hormuz, though analysts warn deep tensions remain unresolved. Jordan Energy Policy: The Cabinet extended the NPC concession for the Risha gas field until 2061, targeting higher local gas output and pipeline links to the Arab Gas Pipeline. Power Sector: NEPCO reported electricity sales up 2.5% in the first five months of 2026, while exports grew strongly. Business & Finance: The Social Security Corporation cut interest on debt installment plans for indebted businesses, offering rates from 2% to 6.5% depending on repayment length. Startups & Investment: ISSF announced a $7m investment in Endeavour Catalyst Fund V to boost global venture capital access for Jordanian SMEs. Public Spending: The Prime Minister ordered ministries to cut operating costs by 15% in the 2027 budget cycle. Real Estate: Property trading volume fell 5% year-on-year in Jan–May 2026, with non-Jordanian ownership values showing mixed movement. Infrastructure: ADC began detailed designs for a new JD45m Aqaba oil-derivatives pier, aiming for operations in early 2029.

Energy & Trade Risk: Iran’s newly created Persian Gulf Strait Authority says it has fully closed the Strait of Hormuz to shipping, after U.S. airstrikes, raising fears of major oil-price shocks and shipping disruption. Diplomacy: A U.S.-Iran memorandum of understanding has gained broad international backing, with hopes for de-escalation and protection of global trade routes, though Israel’s stance adds uncertainty. Public Finance: Jordan’s Prime Minister issued a circular directing ministries to cut operating costs by 15% for the 2027 draft budget, with tighter spending ceilings and clearer justification for variances. Energy Sector: Cabinet extended the NPC concession for the Risha gas field until 2061, targeting higher output and a pipeline link to the Arab Gas Pipeline. Power & Utilities: NEPCO reported electricity sales up 2.5% through May; SSC launched a debt-installment incentive plan cutting interest rates for indebted businesses. Water & Social Resilience: A project installed 500 household water tanks in southern villages to ease water scarcity. Real Estate: Jordan’s real estate trading volume hit about JD2.46bn in five months, down 5%, with non-Jordanian ownership value rising in May. Startups & Investment: ISSF announced a $7m investment in Endeavour Catalyst Fund V to boost global venture capital access for Jordanian SMEs. Industry & Jobs: JCI said imports with no local alternatives reached around JOD 9bn in 2025, pointing to localization opportunities. Infrastructure: Work has started on Amra City’s Al Hussein bin Abdullah II International Stadium, with opening planned for late 2029.

Energy & Trade Security: Iran’s closure of the Strait of Hormuz to all shipping after U.S. airstrikes is rattling global oil markets and raising fears of a wider energy shock, with regional strikes including Jordan. Energy Policy: Jordan’s Cabinet approved a 15-year extension for the National Petroleum Company’s Risha gas concession until 2061, aiming to lift output to 418 million cubic feet per day by 2030 and 810 million by 2035. Regional Integration: Deputy PM/FM Ayman Safadi led talks in Damascus with Syria on boosting economic, transport, customs and water cooperation, including easing logistics through the Jaber–Nassib border crossing. Public Finance: Prime Minister Jafar Hassan ordered ministries to cut 2027 operating costs by 15% and tighten budget ceilings, while prioritizing projects tied to the Economic Modernisation Vision. Startups & Investment: The Innovative Startups and SMEs Fund (ISSF) committed $7m to Endeavor Catalyst V to pull more international venture capital into Jordan’s startup ecosystem. World Bank Partnership: Hassan met World Bank MD Anna Bjerde to align cooperation priorities across energy, transport, water, education, healthcare and digitalization.

Energy & Infrastructure: Cabinet approved a 15-year extension of the National Petroleum Company (NPC) concession for the Risha gas field until 2061, aiming to lift output to 418 million standard cubic feet per day by 2030 and 810 million by 2035, with plans for a strategic pipeline linking Risha to the Arab Gas Pipeline. Public Finance: Prime Minister Jafar Hassan issued a circular for the 2027 draft General Budget Law, ordering ministries to cut operating expenditures by 15% and to submit detailed 2027–2029 budget plans by mid-July, with tighter controls on ceilings and extra allocations. Startups & Investment: The Innovative Startups and SMEs Fund (ISSF) committed $7m to Endeavor Catalyst V to deepen access to international venture capital and support Jordan’s high-growth startup ecosystem. Digital Security: A Jordanian team won first place at Fortinet’s “FLAG THE HACK” cybersecurity competition in Amman, scoring highest in threat detection and incident response challenges. Water Security: The Water Ministry installed 500 residential water tanks (2 cubic meters each) in southern villages under the SWU project, benefiting over 3,000 citizens. Real Estate: Jordan’s real estate trading volume hit about JD 2.458bn in the first five months of 2026, down 5% year-on-year, while non-Jordanian ownership transaction values rose in May. Hospitality & Tourism: Amman Marriott reopened after a major renovation, adding 292 renovated rooms and positioning the hotel as a renewed events and dining hub. Sports & National Spotlight: Preliminary works began for Jordan’s Al Hussein Bin Abdullah II International Stadium in Amra City, targeting 46,000 seats and a late-2029 opening, aligned with the Economic Modernisation Vision.