Jordan Infrastructure Report Q4 2017
BMI View: Construction sector growth rates in Jordan will lag behind those of its peers in the Gulf in the coming years, as the country lacks their economic heft and more ambitious infrastructure project pipelines.
Having said that, upside is offered by Jordan's refugee population and the government's economic diversification plans, each of which will necessitate additional investment into infrastructure.
Latest Updates & Structural Trends
We expect Jordan's construction sector to grow more slowly than some of its more dynamic MENA peers. Our 2017 forecast projects construction industry value to grow 2.4% in 2017, followed by stronger average growth of 4% out to 2021 as a number of projects progress through the planning stages and into active development.
The scale of Jordan's infrastructure needs will ensure that the country remains reliant on international donor funding. In this vein, we have seen the Arab Fund for Economic and Social Development has sign an agreement with Jordan's Planning and International Cooperation Ministry to provide the latter with a USD46.27mn soft loan to fund the eastern section of Salt Ring Road in the country.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook