Real Estate & Construction
From The Report: Jordan 2013
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Average rental and sales prices for residential real estate have remained steady, although there has been a slight drop in the capital’s commercial segment. The construction sector is characterised by a host of large-scale, mixed-use developments. Plans have also been announced for the kingdom’s first solar cooling plant, while multiple water projects are progressing well, offering a range of opportunities for contractors.

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Overview

Moving forward: The market remains level, while ongoing development projects continue to advance
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While Jordan’s property market slowed in 2012, the sector remains healthy, and this strong trend is expect-ed to continue throughout 2013. Current market con-ditions can be attributed to several factors, including a growing middle class, an influx of newcomers from Syria and Libya in need of homes and the caution among developers due to the geopolitical situation in the region. By and large, the residential market is outper-forming the kingdom’s commercial segment. BY THE NUMBERS: According…

Overview

Infrastructure in focus: Pushing past challenges, the sector moves toward developments beyond housing
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Signs of improvement are beginning to be seen in Jor-dan’s construction sector. Much like other sectors in the country, investment in construction projects has slowed due to geopolitical conditions within the region. Local construction companies, however, are adjusting well to the current climate, and a range of projects are still moving ahead. Jordanian firms are working to secure projects in promising markets nearby, such as Qatar. “With Jordan’s high level of security, the country is…