Jordan Renewable Energy
Projects & investment
Opportunities
Take advantage. Turn to
Jordan.
Dr. Bashar Al-Zu’bi,
Senior Advisor to the CEO
December 2010
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*
www.jordaninvestment.com
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
2
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.
Canada FTA
US FTA
EU Association Agreement
Turkey FTA
Aghadir Agreement
Greater Arab Free Trade
Agreement (GAFTA)
Singapore FTA
Qualified Industrial Zones
Agreement (QIZ)
www.jordaninvestment.com
3
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)
4
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 *
Stable currency that promotes trade
and investment; has maintained a
steady exchange rate to the US dollar
since 1995
Economic
Stability
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
5
and presents
clear
enablers to
help your
business
grow.
Young population with almost 70%
under the age of 30
The highest literacy
rate in the region
92%
Skilled and
Talented
Human
Capital
Invests >20% of
GDP on lifelong
learning.
Named top performer
(1st in Arab world) in
education reform in MENA
region.
Has one of most
qualifiedcompetitive and
productive talent pools in the region.
with labor rates considerably lower
than those in other countries in
MENA
6
and presents
clear
enablers to
help your
business
grow.
Three international
airports
Aqaba Sea Port
Reliable & Well
Connected
Infrastructure
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
7
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.
8
So how can
you take
advantage…
www.jordaninvestment.com
9
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 worldclass 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
Page 10
General
Industries
EWE &
Clean
Energy
Healthcare &
Pharmaceutic
al
Tourism
ICT
www.jordaninvestment.com
Mega
Projects
11
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.
www.jordaninvestment.com
Page 13
Consider your
home energy
challenge
No indigenous
energy resources
High dependency on
imported energy
Jordan’s Energy Sourcing Mix
2020
2020
2015
2015
Our
Challenge
In Jordan
2008
2008
0%
Imported Engery
0%
20%
40%
Oil
Renewable Energy
Oil Shale
60%
80%
50%
100%
Domestic Resources
100%
Natural Gas
Imported Electricity
Nuclear Power
Primary energy demand is
expected to double between
2008 and 2020
www.jordaninvestment.com
High cost to the economy with
energy imports accounting for
more than 13% of GDP
14
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
Electricity Demand
Growth (%)
Primary Energy
Demand Growth (%)
(2008-2020)
7.4
5.5
Growth of Primary Energy Demand
Med. Demand
1000 TOE
Jordan
witnesses
high growth
of energy
demand
Period
16000
15000
14000
13000
12000
11000
10000
9000
8000
7000
6000
2007
2009
2011
2013
2015
2017
2019
Year
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.
www.jordaninvestment.com
17
Energy
Strategy (
20072020)

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.
In order to achieve our transformational master energy plan, we are investing over
$18bn in our energy sector
$2 400
Natural Gas
$6 000
$4 000
Enegery Efficiency
$150
$2 000
Power Sector
$5 800
$0
Oil Shale
$3 800
Oil
$3 400
Renewable Energy
$2 100
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
www.jordaninvestment.com
19
and to help
you, JIB has
identified
several
projects that
offer
attractive
rates of
return that
are above
deposit
rates.
Investment
(m)
Turnkey Solar Equipment Packager
56.4
District Energy Company
91.8
Concentrated Solar Power Generation
5.9
Landfill Gas Power Plant
16.0
Polysilicon Production
193.3
Gas Station Chain
3.7
High-Density Insulation
30.8
5.9
Automated Solar PV Cell Production Line
2.7
Wadiaraba Wind Farm
0,0%
5,0%
10,0%
15,0%
20,0%
25,0%
• 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.
www.jordaninvestment.com
21
Rethink market access
and invest in new
opportunities.
Thank you.
Take advantage.
Turn to Jordan.
www.jordaninvestment.com
Page 22