I have to be honest, now I can not invest but I truly recommend Jordan as a country to set up your new business. It is a state of possibilities with liberal economy, stability, security and human capital. Great place as a getaway for your investments in the region.
“For foreign companies that enter emerging markets, there are valuable connections to: in-country markets and regional trade networks; to a competitive workforce; to important knowledge about regional cultures and customers. Such businesses find significant trade and investment opportunities – especially in economies like Jordan’s, which are a path of modernization and growth… and which are regional gateways… in our case, to the 350 milion people of the Arab World”.
His Majesty King Abdullah II
Energy: Jordan is emerging as an ideal location for investment in renewable energy and clean technology. Jordan’s value proposition for potential investors is profound and includes a number of strategic and practical reasons to start investments in the RE sector. 300-320 days of full sunshine. Wind speeds reach an average 7 meters/sec. One of the highest engineers per capita ratios in the world. 99% of Jordan’s population with access to the grid.
Tourism: Tourism is a fast growing industry in “Switzerland of the Middle East”. It contributed around 14% of the GDP in 2012. Land of famous world attractions like Petra – one of the Seven Wonders of the World, Red Sea, Dead Sea, Wadi Rum.
ICT: Jordan has developed one of the leading information and communications technology sectors in the region, with more than 400 active companies. Jordan offers all the essential elements needed for a global firm to establish a regional center for IT operations. Jordan’s strength lies in its human capital being one of the most highly qualified and competitive workforce in the region.
Agriculture: Numerous crop opportunities are available during the off-season in Europe. Jordan’s unique and favorable climate sets it apart from the rest of the Middle East region. The Jordan Valley, which is several degrees warmer than the rest of the region, has rich and fertile soil that is relativity untapped, long sunshine hours and high temperatures that are best exploited by producing high quality cash crops for the off-season. In addition to these natural advantages, the Jordan Government has made commitments to support the agriculture industry.
Jordan has a lot to offer. The only thing that you can stop you to succeed in Jordanian market is your imagination. Even if the beginning will be difficult you can always find a native partner who will help you. So what time is it? Time to invest in Jordan.
Based on: Mazen Kawar “Investment Opportunities in Jordan”, in “Poland – Visegrad Group – Jordan”, edited by Krzysztof Bojko and Khaled Shogran, Amman 2014.