Over the last two decades Jordan has been increasingly developing into a regional platform, reflecting its strategic location, and competitive leverage. Today, over 1,070 international businesses and regional offices, and 550 registered commercial agents representing international firms operate in Jordan. Considerable amount of land is still uninhabited, presenting space and room for expansion and for the establishment of new businesses. Land and building costs are even cheaper outside the major cities. Foreign investors may purchase real estate in Jordan, subject to prior approval of the Council of Ministers.
Reciprocity is required for granting such approval in the investor's country.
Moreover, the approval is granted only if real estate is intended for residence or business purposes. Trading in real estate by non-Jordanians is not permitted. Areas of land outside the capital are available at considerably cheaper prices. The number of available vacant business offices is approximately 800. Such an abundance of space is scarce in other congested cities of the region like Cairo, Beirut, Dubai and Tel Aviv.