Jordan · Country watch
Jordan Begins Major Water Project, Gold Prices Plummet
Jordan launches a significant water project while gold prices drop, affecting local markets and investment strategies.
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Business conditions in Jordan are mixed. The launch of a major water project signals growth in construction and logistics, while falling gold prices impact retail and finance sectors. The allocation of a pier for vegetable oil imports supports trade efficiency.
In this briefing Ministry of Water and Irrigation · Jordan · Gold market · Aqaba Special Economic Zone Authority · Aqaba Development Corporation
Regulation
Jordan to Launch $5.8 Billion National Water Project
The Jordanian government, through the Ministry of Water and Irrigation, will begin executing the National Water Carrier Project on 18 November 2026. The project, one of the largest strategic initiatives in the kingdom, involves a total investment of approximately $5.8 billion, according to Jo24. It aims to address the country's water scarcity issues by enhancing water supply infrastructure. The project is expected to create significant opportunities in the construction and logistics sectors as it progresses.
Impact Construction firms and logistics providers in Jordan will see increased demand due to the $5.8 billion water project.
Watch The project execution begins on 18 November 2026. · 18 November 2026
Sources: Jo24 ↗
Markets
Gold Prices Drop 3%, Lowest in Over a Year
Gold prices in Jordan fell by 3% on Thursday, reaching their lowest level in more than a year. The decline continues a three-session losing streak, driven by rising oil prices and diminishing hopes for peace in the Middle East, according to Jordan Zad and Jo24. The drop in gold prices impacts local jewelers and investors, who have seen a decrease in the value of their holdings.
Impact Jewelers and investors in Jordan face reduced gold values as prices drop 3% to a yearly low.
Sources: Jordan Zad ↗, Jo24 ↗
Trade
ASEZA Allocates Mu'tah Pier for Vegetable Oil Ships
The Aqaba Special Economic Zone Authority (ASEZA) has allocated the Mu'tah floating pier to receive vegetable oil ships, Jordan News reports. This decision, recommended by the Aqaba Development Corporation, aims to enhance the efficiency of Aqaba's port system. The move is expected to strengthen Aqaba's position as a regional logistics hub and improve the handling of vegetable oil imports.
Impact Vegetable oil importers benefit from improved logistics as ASEZA allocates a dedicated pier.
Sources: Jordan News ↗
Nothing significant reported today in Disruption · Internal tension · Safety & health · Companies · Politics.
Also today in the local press
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- النفط يرتفع بعد استهداف منشآت طاقة سعودية وانفجارات في هرمز — Hala Akhbar
- الدولار الأمريكي يقفز لأعلى مستوياته في 19 شهرا بدعم من توقعات رفع الفائدة — Roya News
- IRGC Says Explosions Disable Two Oil Tankers in Strait of Hormuz — Jordan News
- إغلاق عشرات مصانع الملابس في بنغلادش بسبب إضراب العمال للمطالبة برفع الحد الأدنى للأجور — Roya News
- أسعار الذهب تهبط بأكثر من 17 دولارا وتلامس أدنى مستوى في أسبوع — Roya News
- الذهب يواجه اختبارا حاسما عند 4,000 دولار فما هي التوقعات؟ — Roya News
- الأمن العام: ضبط أحد المشاركين بالاعتداء على شخص وتكسير مركبته في ضاحية الياسمين — Jo24
Sources in this briefing
Sources: each headline links to the original article on the publisher's site.