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Jordanian Economy
The economy of Jordan is classified as an emerging market economy. Jordan's GDP per capita rose by 351% in the 1970s, declined 30% in the 1980s, and rose 36% in the 1990s. After King Abdullah II's accession to the throne in 1999, liberal economic policies were introduced. Jordan's economy had been growing at an annual rate of 8% between 1999 and 2008. However, growth has slowed to 2% after the Arab Spring in 2011. The substantial increase of the population, coupled with slowed economic growth and rising public debt led to a worsening of poverty and unemployment in the country. As of 2019, Jordan has a GDP of US$44.4 billion, ranking it 89th worldwide. Jordan has Free Trade Agreements (FTAs) with the United States, Canada, Singapore, Malaysia, the European Union, Tunisia, Algeria, Libya, Turkey and Syria. More FTA's are planned with Iraq, the Palestinian Authority, the GCC, Lebanon, and Pakistan. Jordan is a member of the Greater Arab Free Trade Agreement, the Euro-Mediterranea ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
New Abdali
New Abdali is an area in the Al-Abdali district in Amman, Jordan. Its development plan, launched in 2005, consisting of hotels, apartments, offices, commercial outlets and entertainment to be developed on of land, intending to create a total built-up area of over . The area already hosts and will further host nearly all of the tallest buildings in Amman, including the current two tallest completed buildings of Amman which are Amman Rotana and W Amman. The first phase of the project is nearly complete with the second phase being still on hold. History The project's idea was conceived in the early 2000s during a meeting between the then Lebanese prime minister and business tycoon Rafic Hariri, and King Abdullah. Project components Source: Phase I It is envisioned as the commercial and business center of Amman. Phase I contains the following built up area: * Residential 287,000 square metres (28%) * Offices 363,000 square metres (35%) * Hotels 111,000 square metres (11%) ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
