ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel

Jordan on The Economic 'Towering' Move

Updated on June 11, 2019
Standing tall
Standing tall
LA Royal
LA Royal
Rainbow Street in Amman's First Circle
Rainbow Street in Amman's First Circle

The building and construction sector in Jordan and the region is a dynamic, animated and energetic area that acts as a propeller to the rest of the national economy. It is also a valve to measure the health of the other sectors in the economy.

Construction companies, consultants, engineering planners, surveyors real estate marketers and property developers, architects and civil engineers are the main stays of the building and construction industry.

Today they have dramatically changed the architectural terrain in Jordan that is characterized by the diversity in villas, buildings, skyscrapers, constructions, modern facilities, roads, highways, bridges, flyovers and tunnels.

The building and construction sector has developed into a huge industry worth billions of dollars, with companies and consultants working not only on projects in the Kingdom, but in many countries of the Arab world.

Because of its multifaceted nature the industry itself feeds from other sectors of the economy, hiring the services of electricians, electrical and mechanical engineers, plumbers, carpenters, roof-tillers and painters to name but few. Before that as well there is the demand for raw materials such as sand, cement and marble which experts say there is plenty of in Jordan which is a good sign for a homegrown building and construction industry.

Together with this, the necessary professional and specialized cadres for the sector is available in Jordan, and is continually available because of the annual engineering graduates from universities and colleges in the Kingdom.

And once properties, high rises and other infrastructures are built, a whole host of important economic activities develop around them. As well as homes and residences they become economic generators whether as consumers and/or producers in the economic chain of development.

Jordan's industrial sector today registers up to 25 percent of the Gross Domestic Product, a quarter of the national economy. Of that between 4.4 and 4.8 percent is generated by the building and construction sector.

Economic figures by Jordan's Land Surveying Department show that the value of property deals increased by 31 percent to $5.4 billion in the first seven months of 2011, statistics seen as healthy and robust despite the regional political situation and the fact Jordan has been reeling under the effects of the global economic recession experienced from 2009 onwards.

Demands on real estate, and high rise flats strongly suggests that the building and construction sector is on the onset of another economic boom for the rest of the year and into 2012, similarly to the ones experienced in the 1990s and between 2002 and 2007. Then the Compound Annual Growth Rate (CAGR) was at 13.7 percent, while credit for housing, building and construction developments increased from CAGR 20.5 percent in 2002, 34.3 percent in 2006 and 24.4 percent in 2007.

While it may be difficult to predict the extent of the growth rates because of the regional and global situations, especially because of the high rates that were registered in previous periods, nevertheless, a positive trend by the figures is being set in the light of the fact that Arab investment planners and the Jordan Investment Board has already stated that a large number of infrastructure and industrial projects are currently underway in the region at an estimated value of $1trillion.

And in addition to that the construction sector in Jordan is officially forecasted to increase by 20 percent in the next five years because of mega real estate projects, transport including rail, airports and ports, municipal developments in Amman, as well as the implementation of the Master Plan for the city of Salt, the Dead Sea and Aqaba.


This website uses cookies

As a user in the EEA, your approval is needed on a few things. To provide a better website experience, uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at:

Show Details
HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
LoginThis is necessary to sign in to the HubPages Service.
Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
AkismetThis is used to detect comment spam. (Privacy Policy)
HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the or domains, for performance and efficiency reasons. (Privacy Policy)
Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
MavenThis supports the Maven widget and search functionality. (Privacy Policy)
Google AdSenseThis is an ad network. (Privacy Policy)
Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
Index ExchangeThis is an ad network. (Privacy Policy)
SovrnThis is an ad network. (Privacy Policy)
Facebook AdsThis is an ad network. (Privacy Policy)
Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
AppNexusThis is an ad network. (Privacy Policy)
OpenxThis is an ad network. (Privacy Policy)
Rubicon ProjectThis is an ad network. (Privacy Policy)
TripleLiftThis is an ad network. (Privacy Policy)
Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)
ClickscoThis is a data management platform studying reader behavior (Privacy Policy)