General Information

Jordan relies heavily on imports to meet its energy and food needs. The economy is orientated towards services: financial services, tourism and ICT. In recent years, the country has suffered from the geopolitical context of the region. To date, investment commitments and projects with Gulf Cooperation Council (GCC) countries and other international partners support economic activity.

Jordan is a geographically key country and relatively stable politically. The country benefits from important security services and international assistance in order to maintain peace and avoid regional destabilisation

The main economic challenges are related to infrastructure development. The country has significant needs in the areas of water, energy, waste and urban transport. It intends to respond to this through Public Private Partnerships, with the support of major multilateral or bilateral donors.

It is important to note that there is a gap with the West regarding the weekend: Friday-Saturday.

Means of Payment & Banking Specificities

The mains invoicing currencies are the euro and the US dollar.

To secure payments, we strongly recommend the use of a confirmed documentary credit with payment on demand or even within 30 days.

Late payments are frequent and important if the payment is not secure, most often due to cash flow problems.

Advance payments are possible if the amount justifies it.