INSEAD Day 4 - 728x90

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

Burjeel profit nearly doubles

Healthcare demand drives stronger earnings.

Jordan tourism sector rides high on back of 1.9m visitors to kingdom

A general view of Jordan's famed ancient city of Petra. (AFP)
  • Tourism Minister Nayef Al-Fayez described the situation as reassuring
  • He said the return of expatriates was an important component of the country’s tourism economy and that tourism revenue was calculated by the Central Bank

The tourism sector of the Jordanian economy has seen a huge growth, with more than 1.9 million visitors arriving in the kingdom during the first six months of the current year

Tourism Minister Nayef Al-Fayez described the situation as reassuring. He said the return of expatriates was an important component of the country’s tourism economy and that tourism revenue was calculated by the Central Bank.

Al-Fayez said that while Jordan was not directly affected by the Ukraine crisis, the tourism sectors dealing with the Russian and Ukrainian markets were clearly impacted.

He said the ministry had addressed sectoral challenges by creating a risk calculation program in response to the pandemic to sustain work and overcome current and future challenges with the participation of the private sector.

The minister said the search for new markets was ongoing and that the Asian market was important but was still suffering from the pandemic.

He highlighted the importance of the US market alongside the European one.

Al-Fayez said the “Our Jordan is a Paradise” program had met its objectives, with 109 Jordanians benefiting from it in the first six months of 2022.

The program was originally launched to promote domestic tourism in Jordan after the tourism sector was affected by the coronavirus crisis.

He said the ministry intended to launch new tourism programs focusing on the industry’s development.