AGP Executive Report
Last update: 8 hours agoAir Defense Update: Jordan’s Armed Forces said 20 missiles launched from Iran toward the Azraq area were intercepted and shot down, with debris handled by engineering teams and no reported injuries or damage. Energy & Resources: Energy expert Mubarak Al-Tahrawi told Radio Al-Balad Jordan has major untapped gas, oil, minerals and should rebuild geological exploration institutions after the Natural Resources Authority was dissolved, arguing smarter investment could cut debt and boost revenues. Venture Capital for Startups: The Innovative Start-ups and SMEs Fund (ISSF) announced a $7m investment in Endeavour Catalyst Fund V, starting its second investment cycle to connect Jordanian founders to global venture capital. Aqaba Infrastructure: Aqaba Development Corporation began detailed studies and designs for a JD45m oil derivatives pier, aiming to ease pressure on the current pier and add about 5m tonnes of annual handling capacity by early 2029. Sports Tech & Smart Facilities: Work has started on the Al Hussein Bin Abdullah II International Stadium in Amra City (46,000 seats), with construction due to begin in 2027 and opening targeted for late 2029, including energy and water efficiency plus smart systems. Industry Localization: Jordan Chamber of Industry reported JOD 9bn in 2025 imports where no local alternatives exist, pointing to investment opportunities to expand domestic manufacturing. Power Plant Modernization: Energy Minister Saleh Kharabsheh inaugurated a fogging system project at the Rihab Power Station, highlighting efficiency gains at the country’s first combined-cycle plant. Business Tech Partnering: Digital Projection appointed Axion Displays as its EMEA sales and support partner, covering Jordan among other regional markets. Local Transport Costs: Drivers in Jordan say rising fuel prices are squeezing bus and taxi incomes as regional tensions keep energy costs volatile.
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