Transcript JORDAN

JORDAN
Bryan Treherne – Thomas Bernard
24th September 2014
KEY FACTS OF JORDAN
Location: Bordered by Saudi Arabia to the south
and east, Iraq to the north-east, Syria to the
north, and Palestine, the Dead Sea and Israel to
the west, Jordan, officially the Hashemite
Kingdom of Jordan is an Arab kingdom in
Western Asia extending into the historic region
of Palestine.
KEY FACTS OF JORDAN
Map:
KEY FACTS OF JORDAN
Population: 7,930,490 (78% living in urban areas)
Area: 92 300 km2
Religion: around 92% Sunni Muslim Arab; 6% Christian
Arabs
Capital: Amman with 2 m population
Currency: Jordanian dinar (JOD) (1 Jordanian Dinar equals
0.82 British Pound Sterling)
Languages: Arabic (official), English (widely understood
among upper and middle classes)
GENERAL INFORMATION
Climate: varies according to height but Amman
around 40 degrees C in Summer and can freeze and
snow in Winter.
Labour force: agriculture (2.7%) industry (20%)
services (77.4%)
Imports: $18.61 billion
Exports: $7.914 billion
GDP per capita: about $5,000 ($38,919.60 in UK)
GENERAL INFORMATION
Government: constitutional monarchy with King
appointing the Prime Minister and together they
appoint the Cabinet.
Current King Abdullah was educated at Oxford
and Sandhurst.
ECONOMY
UKTI in Jordan helps companies in Britain increase
their competitiveness through overseas trade in
Jordan
The British Embassy in Jordan works to boost the
UK’s reputation as a place to do business, to broker
commercial partnerships and to increase Jordanian
inward investment in UK companies and projects.
ECONOMY
Bedouin tribe culture very influential in modern day
politics and public sector.
Palestinians dominate private sector business.
Main industries: Clothing, Phosphate Mining,
Fertilizers, Pharmaceuticals, Petroleum Refining,
Cement, Potash, Inorganic Chemicals, Light
Manufacturing and Tourism (also very important
with Petra, Dead Sea area which is important for
international conferences, Red Sea, many sites of
historic and biblical significance)
ECONOMY
Exports: $7.914 billion (2013 est.)
Export commodities: clothing, fertilizers, potash,
phosphates, vegetables, pharmaceuticals.
Main export partners: US (16.6%), Iraq (15.1%),
Saudi Arabia (11%), India (10.5%), Indonesia (4.2%)
(2012 est.)
UK : < 0.85%
ECONOMY
Imports: $18.61 billion (2013 est.)
Import commodities: crude oil,
transport equipment, iron, cereals.
machinery,
Main import partners : Saudi Arabia (23.6%), China
(9.4%), US (6.7%), Italy (4.7%), Turkey (4.6%)
(2012 est.)
UK : 1.4%
ADVANTAGES OF DOING
BUSINESS IN JORDAN
- a UK/Jordan Double Taxation Convention from
March 2002
- English is widely spoken and accepted as the
language of business
- political stability and security
- well respected Central Bank and a strong banking
system
- robust economic growth
- a strategic and central location
ADVANTAGES OF DOING
BUSINESS IN JORDAN
- labour force is well educated with literacy rates of
over 90%
- labour costs remain amongst the most
competitive in the Middle East
- 100% foreign investment is allowed in most
industries
- 6 Special Economic Zones established – most
advanced in Aquaba
- UK products are well regarded for their quality and
reliability – but increasing competition from Asia
and other regional markets
OPPORTUNITIES
Healthcare: Jordan is recognised throughout the
region as a leader in the provision of healthcare.
Existing hospitals are currently expanding and
renovating their facilities, while new private and
public sector facilities continue to be established.
Opportunities for UK businesses include: ICT in
healthcare, renovation and expansion of existing
hospitals, creation of specialist centers, cooperation between UK and Jordanian hospitals,
latest technologies in equipment, software and
tools.
OPPORTUNITIES
Healthcare:
Jordan has invested a lot of money in order to
become a hot spot for medical tourism in the
Middle East which is not a surprise because the
government has made it simple and fast to obtain
a visa at the airport. A free shuttle service from
the airport is available to some private hospitals.
For example : Low-cost dental implants in Jordan
OPPORTUNITIES
ICT: the third largest contributor to Jordan’s
economy, with revenues accounting for 14% of total
gross domestic product (GDP).
Opportunities for UK businesses include:
outsourcing, telecommunications, e-health
e-health: emerging field in the intersection of
medical informatics, public health and business,
referring to health services and information
delivered or enhanced through the Internet and
related technologies
OPPORTUNITIES
Energy: Jordan’s energy sector is rapidly
developing to meet government targets. These
are designed to reduce the country’s reliance
on external energy sources (oil import) and
introduce more widespread use of renewable
energy. Jordan has set out plans to have a fully
operational nuclear power facility by 2020
Opportunities for UK businesses include: direct
investments in the renewable energy projects,
solar and wind, energy savings products.
OPPORTUNITIES
Education and training: represents a major source of
investment, with more than 70% of Jordan’s population
under the age of 30 and a relatively high population
growth rate. Opportunities are available for general
collaborations but more specific collaborations include
opportunities for Research and Development (water,
energy, food, security, health).
Opportunities for UK companies include: educational
software, Arabic translation of English content for
regional markets, English teaching, accreditation,
teacher training, development of skills and personal
development.
REASONS TO INVEST
Jordan has a strategic position at the heart of
the Levant. It is politically stable, with an open
business environment. The region attracts more
£1 billion worth of UK exports.
Sizeable contracts have been signed with Shell
that has greatly boosted bilateral trade.
Jordanians are always keen to do business with
UK companies.
REASONS TO INVEST
There are a lot of benefits for UK businesses
exporting to Jordan which are :
- English is widely used as the business language
- a number of trade agreements with the
European Union (EU)
- multi-cultural society
USEFUL CONTACTS
- Sarah Hildersley
- Head of UK Trade and Investment Jordan
- British Embassy
- Damascus Street
- Abdoun
- PO Box 87
- Amman 11118
- Email: [email protected]
They have 6 staff in Amman dedicated to helping
British exporters win business in Jordan.
USEFUL CONTACTS
Mr Issa Gammoh, Acting CEO
Jordan Investment Board
PO Box 893
Amman 11821
Jordan
Email: [email protected]
www.jordaninvestment.com Jordanian Embassy in UK
6 Upper Phillmore Gdns
Kensington
London W8 7HB
www.jordanembassyuk.gov.jo
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