Home LevantOpportunity knocks Jordan’s ICT sector booms

Opportunity knocks Jordan’s ICT sector booms

by Executive Staff

Jordan is looking to position itself as the region’s center of information and communications technology (ICT). In recent years, the ICT sector has taken on an important dimension in the Jordanian economy. The sector is growing by 50% annually; the income it generates represents roughly 10% of GDP and it employs more than 6,000 people. ICT has also benefited from the government’s push to support its development, through easing investment requirements in the industry, enhancing education in information technology and, most importantly from the point of view of overseas ICT firms, passing legislation to protect intellectual property rights. Since 1999, with the prompting of King Abdullah, the government initiated a campaign to energize the ICT sector in Jordan. Within this period, revenue has jumped from $60 million to more than $500 million, while last year it saw $90 million of direct foreign investment flow in, up from just $3 million

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