An IMGW Feature Report
In the heart of the Middle East, amidst the region’s complexities, lies the Hashemite Kingdom of Jordan—a nation characterised by its resilience, rich heritage, and promising economic prospects. Despite facing challenges such as water scarcity and hosting a significant refugee population, Jordan has emerged as a beacon of stability and growth, offering investors a unique pathway to residency and citizenship through its Citizenship by Investment Program.
Economic Resilience and Growth
Over the past decade, Jordan has demonstrated remarkable resilience, maintaining a steady average growth rate of 2.5% despite facing regional and global crises. The country’s Gross Domestic Product (GDP) stood at $44.5 billion in 2023, reflecting its robust economic foundation and potential for sustained growth. Efforts to modernise and diversify the economy have increased foreign direct investment (FDI), reaching $1.5 billion in 2023 (World Bank, 2024).
As investors seek opportunities in the Middle East, Jordan emerges as a compelling destination, offering stability, prosperity, and global citizenship in equal measure.
Labour Market Dynamics
However, challenges persist, particularly in the labour market. Jordan’s labour force participation rate was 33.0% in Q2-2023, indicating the need for initiatives to create more job opportunities, particularly for the youth and women. Unemployment remains a pressing issue, with the overall unemployment rate at 22.3% in 2023, significantly higher than the pre-COVID-19 crisis average. Youth unemployment is a staggering 46.1%, highlighting the urgency of addressing youth employment and entrepreneurship (World Bank, 2024).
Climate Action and Sustainability
Jordan has been at the forefront of climate action in the region, with ambitious Nationally Determined Contribution (NDC) targets and a comprehensive green growth strategy. However, the country faces significant challenges due to its rapidly growing population, which has doubled from 5 million to 11 million people over the past two decades, placing immense pressure on limited natural resources. Sustainable development initiatives are crucial to mitigate the impacts of climate change and ensure long-term prosperity (World Bank, 2024).
The Citizenship by Investment Program
Amidst these challenges and opportunities, the Jordan Citizenship by Investment Program offers investors stability and opportunity. With a minimum investment of USD 750,000, investors gain access to residency and citizenship in Jordan and visa-free or visa-on-arrival access to over 50 destinations. The program stimulates economic growth and fosters cultural exchange and global citizenship, aligning with Jordan’s vision for a prosperous and inclusive future.
Conclusion
Jordan’s Citizenship by Investment Program is a testament to the country’s resilience, potential, and commitment to progress. As investors seek opportunities in the Middle East, Jordan emerges as a compelling destination, offering stability, prosperity, and global citizenship in equal measure. Through strategic investments and partnerships, Jordan continues to chart a course towards a brighter future for its citizens and investors.