Market Size of Jordan Freight and Logistics Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 5.00 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Jordan Freight and Logistics Market Analysis
Over the next few years, the Jordan Freight & Logistics Market is expected to register of CAGR of more than 5%.
- The Economic Modernization Vision examined the situation of the transport and logistics industry in 2022 and outlined a plan to boost the sector's contributions to GDP, with the goal of exceeding JD 2.9 billion (USD 4.08 billion) by the end of the following decade. The vision also outlined a strategy for addressing transportation-related difficulties as well as remedies centered on increasing institutional collaboration and rethinking transportation policy.
- According to a source, transport and logistics exports was projected to expand from JD 0.4 billion (USD 0.56 billion) in 2021 to JD 0.9 billion (USD 1.27 billion) in 2033. The government adopted the executive plan for the Economic Modernization Vision (2023-2025), which includes 183 projects with a total cost of JD 2.3 billion (USD 3.24 billion) until the end of 2025.
- Jordan's involvement in the reconstruction of Syria and Iraq, as well as its plans to consistently increase connectivity and transportation quality, indicate that significant developments in the transportation and logistics sectors will significantly contribute to the country's overall economic growth.
