Jordan Draws $1.64 Billion in Foreign Investment in 2024
Foreign direct investment (FDI) in Jordan totaled around $1.64 billion in 2024, amounting to 3.1% of the country’s gross domestic product, according to official figures released Monday by the state-run Petra news agency. The majority of these investments came from Arab nations, with Gulf states making up nearly a third of the total.
The Gulf Cooperation Council (GCC), a bloc of six Arab states, was the primary regional source of investment, contributing 32.5%. Within the GCC, Kuwait accounted for the largest share at 9.1%, followed by Saudi Arabia with 8.2%, the United Arab Emirates with 7.1%, and Qatar with 4.5%.
European investors were the second-largest group, providing 21.4% of total FDI. The United Kingdom topped that list, contributing 8.3%.
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The financial and insurance industry attracted the most capital in 2024, drawing 23.4% of total inflows. Other sectors that saw significant investment included information and communications (10%), mining and quarrying (9.1%), transportation and storage (8.4%), wholesale and retail trade (7.7%), and manufacturing (7.6%).
Real estate purchases by foreign nationals made up a substantial portion of the total, accounting for 19.1% of overall FDI.
Jordan’s government has been pushing to attract foreign investment as a way to address economic challenges, including high unemployment and slow growth. Despite regional instability, the country has managed to remain relatively stable and secure, making it an appealing destination for regional and international investors.
The Petra report did not specify how the 2024 figures compare to previous years.
