jordan renewable energy · 3 beyond mena, jordan is a virtual hub that provides access to a number...

Take advantage. Turn to

Jordan.

Jordan Renewable Energy

Projects & investment

Opportunities

Dr. Bashar Al-Zu’bi,

Senior Advisor to the CEO

December 2010

www.jordaninvestment.com 2

and is the

natural

gateway into

Iraq and its

tremendous

reconstructio

n and growth

potential.

Jordan is considered an ideal base location for Iraq based businesses due to geographic proximity, security, and infrastructure

Jordanian exports to the Iraqi market have doubled between 2003 to 2008 to reach $1.3 billion*

With imports of 32.2 billion USD in 2008, Iraq presents a clear and large market potential for different goods & services.

Iraq is projected to maintain a 7% growth rate into 2010, and increase in 2011 to 7.9%, driven primarily by oil revenues **

* Source: Central Bank ** Source: IMF


Beyond

MENA, Jordan

is a virtual hub

that provides

access to a

number of

international

markets

through a

series of free

trade

agreements

Jordan’s virtual hub allows free market access to over 1

billion consumers through its trade and investment

agreements.

Turkey FTA

Singapore FTA

Canada FTA

Aghadir Agreement

Greater Arab Free Trade

Agreement (GAFTA)

US FTA

EU Association Agreement

Qualified Industrial Zones

Agreement (QIZ)

4

and presents

clear

enablers to

help your

business

grow.

Regulatory environment committed to

free markets principles

Political

Stability &

Rule of Law

Strong legal framework and

intellectual property protection rights;

ranked 30th globally in IP protection

Ranked among the top ten countries globally in organized

crime prevention(* 30 out of 130 countries surveyed,

WEF Global Competitiveness Report 2009 – 2010)

5

and presents

clear

enablers to

help your

business

grow.

GDP reached almost $23 billion in

2009, averaging 7.1% real growth

over the past 5 years *

Economic

Stability

Stable currency that promotes trade

and investment; has maintained a

steady exchange rate to the US dollar

since 1995

Outstanding external public debt

reduced to 23% of GDP in 2009 (down

from 66.2% in 2004) * - central bank of

Jordan

Solid and healthy banking sector

6

and presents

clear

enablers to

help your

business

grow.

Young population with almost 70%

under the age of 30

Skilled and

Talented

Human

Capital

The highest literacy

rate in the region

92%

Has one of most

qualifiedcompetitive and

productive talent pools in the region.

with labor rates considerably lower

than those in other countries in

MENA

Named top performer (1st in Arab world) in

education reform in MENA

region.

Invests >20% of

GDP on lifelong learning.

7

and presents

clear

enablers to

help your

business

grow.

Three international

airports

Reliable & Well

Connected

Infrastructure

Aqaba Sea Port Five road-linked borders

providing access to over

330 million consumers

A modern

telecommunications

infrastructure

Jordan scored 3.47 in the

Networked Readiness

Index of 2006 – 2007

rankings making it the 5th

highest among Arab

countries* - WEF

8

What do you see?

We see a growing market.

We see a highly educated

workforce.

We see strategically placed

free zones.

& We see 21st century

infrastructure.


So how can

you take

advantage…

Make the Most of Fresh

Opportunities.

Jordan’s strategic investment focus

is on key business sectors, with

innovation at their heart. These

sectors for future success are built

on four cornerstones: a strong

business environment; a world-

class skills base; a world-class

infrastructure meeting the needs of

business; and an economy

embracing the opportunities arising

from transition to renewable energy.

Take advantage. Go Jordan.

www.jordaninvestment.com

EWE & Clean Energy

Healthcare & Pharmaceutic

al

Mega Projects

ICT

Tourism

General Industries


JIB has

assessed

fresh

opportunity

ideas in line

with sector

strategies in

Jordan.

The invest Jordan EWE

& clean energy

advantage.

The right place. The right time.


Our Challenge In Jordan


Consider your

home energy

challenge

No indigenous

energy resources

High dependency on

imported energy

High cost to the economy with

energy imports accounting for

more than 13% of GDP

Primary energy demand is

expected to double between

2008 and 2020

0% 50% 100%

2008

2015

2020

Imported Engery Domestic Resources

0% 20% 40% 60% 80% 100%

2008

2015

2020

Oil Natural Gas

Renewable Energy Imported Electricity

Oil Shale Nuclear Power

Jordan’s Energy Sourcing Mix

Features

Jordan is considered as a hub and transit country

and can play a major role linking oil, gas and

electricity network among the region.

The country has a huge potential of :

energy resources (oil shale, uranium).

renewable energy utilization (wind, solar).

In regard of oil and gas , Jordan has not been

explored yet.

Renewable

Energy and

Energy

Efficiency

Law

Main Goals • Provide a legal mandate for the government and a regulatory framework for RE and EE development.

• Encourage private-sector investment in RE.

• Diversify energy sources in Jordan.

• Reduce greenhouse gases.

• Develop in-country expertise related to RE and EE


Energy

Demand

Jordan

witnesses

high growth

of energy

demand

Period Electricity Demand

Growth (%)

Primary Energy

Demand Growth (%)

(2008-2020) 7.4 5.5

Growth of Primary Energy Demand

Med. Demand

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

2007 2009 2011 2013 2015 2017 2019

Year

1000

TO

E

The expected demand for primary energy amounts is 15 million tons of oil equivalent in 2020 compared to

7.5 million tons of oil equivalent in 2008.

Energy

Strategy (

2007-

2020)

MAIN GOALS :

– Diversifying the energy resources

– Increasing the share of local resources in the energy

mix .

– Reducing the dependency on imported oil

– Enhancing environment protection

This will be achieved through :

– Maximizing the utilization of domestic resources

(oil shale, natural gas, etc.)

– Expanding the development of renewable energy

projects

– Generating electricity from nuclear energy


As your

investment

opportunity at

your own

home.

$2 400

$5 800

$3 400

$2 100

$3 800

$150

$0

$2 000

$4 000

$6 000 Natural Gas

Power Sector

Oil

Renewable Energy

Oil Shale

Enegery Efficiency

In order to achieve our transformational master energy plan, we are investing over

$18bn in our energy sector

Your opportunity to leverage our strategic focus on the top half of the green energy value

chain covering opportunities in assembly, installation, integration, testing and support

With a fast growing local market acting as your test bed and a strategic geographical

location providing a launch pad to the region, Jordan is the natural home for your energy

investment

and to help

you, JIB has

identified

several

projects that

offer

attractive

rates of

return that

are above

deposit

rates.

0,0% 5,0% 10,0% 15,0% 20,0% 25,0%

Wadiaraba Wind Farm

Automated Solar PV Cell Production Line

High-Density Insulation

Gas Station Chain

Polysilicon Production

Landfill Gas Power Plant

Concentrated Solar Power Generation

District Energy Company

Turnkey Solar Equipment Packager

Investment

(m)

56.4

91.8

5.9

16.0

193.3

3.7

30.8

5.9

2.7


• Establishing a Renewable Energy & Energy Efficiency Fund: • provide good financial framework to support energy

efficiency programs and renewable energy projects, to help achieve the targets set in the Energy Strategy; 10% renewable and 20% energy savings by 2020 .

• Funding resources are annual Budget allocations and Foreign donation.

• Allows for Bylaws to be issued for EE measures in different sectors.

Rethink market access

and invest in new

opportunities.

Thank you.

Take advantage.

Turn to Jordan.


jordan renewable energy · 3 beyond mena, jordan is a virtual hub that provides access to a number...

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