Boom in Jordan's real-estate sector

Published September 25th, 2006 - 07:58 GMT
Al Bawaba
Al Bawaba

Jordan's real-estate sector comprised 4.5 percent of the gross domestic product (GDP) in 2005, said Kuwait's Global Investment House (Global) on Sunday. In a report regarding Jordan's economic strategy, Global said the kingdom's real-estate sector was witnessing an annual accumulated growth of 11.6 percent during 2001-2005.

 

Global said such a boom in this sector has helped in increasing the number of real-estate firms in Jordan from 82 to 202 with capital averages for these companies rising from JD2 million to JD 4.3 million during the same period.