Mega- Projects and Infrastructure Master Plans
There is a constant need for modernizing and developing infrastructure
in Jordan to keep up with the vision of being a gateway and a network
hub to the region, in addition to meet booming demand resulting from
population and robust economic growth. Jordan is transforming its
economy through the launch of mega-projects including development
zones/corridors. All these programs are being implemented through a
public private partnership framework and in accordance to international
standards and best practices.
Several mega-projects have already been launched by local and
international investors such as Aqaba Port Development Program (2
billion USD), Disi Water Conveyance System (1 billion USD), Aqaba New
Water Front - Marsa Zayed (10 billion USD), Abdali Urban Regeneration
Project (1.5 billion USD), Queen Alia International Airport (750 million
USD), several power (IPP) projects of (800 million USD).
Several projects are and in the pipeline including: Upgrading &
Expansion of Jordan Petroleum Refinery, Amman Ring Road, Jordan National
Railway System, Amman-Zarqa Light Railway, Jordan National Red Sea Water
Development Project (JRSP), Aqaba New Port and several special multi-sectoral
Since the official Free Trade Agreement (FTA) signed ten years ago
between the United States and the Hashemite Kingdom of Jordan was
finalized, Jordan has been on a fast track to realize its economic
growth and potential as a shining example amidst a region plagued with
problems and hardship.
Jordan enjoys an unparalleled relationship with
the United States and is held in high regard by business leaders and
policy makers alike. Further, by the end of 2009, it was estimated that
bilateral trade between Jordan and the United States will have
approached over USD $2 billion—a significant jump from approximately USD
$378 million in 1999 prior to the inception of the FTA.