Jordan telecom sector raises JD 320 million in government revenue

Volume of investments in the sector amounts to JD 967 million over the last seven years (2001–2007).

  • E-Mail
By  Vineetha Menon Published  August 17, 2008

Government revenue from Jordan’s telecommunications sector amounted to JD 320 million last year.

Jordan Times reported that Ahmad Hiyasat, TRC Chief Commissioner and Chief Executive Officer made the announcement when speaking at the recent Conference for Expatriate Jordanian Businessmen and Investors.

“The telecommunications sector played a significant role in Jordan’s economic progress,” Hiyasat said. “Information and communications technology accounted for around 11 percent of the gross domestic product at fixed prices in 2007.”

Companies operating in the telecommunications sector earned a total of JD 920 million in 2007, which is 9.8 percent higher than the amount generated in 2006.

Hiyasat estimated that the number of mobile phone and radio telecommunications subscribers hit 4.8 million at the end of last year, with internet users reaching 1.2 million. Subscriptions to fixed telecommunications continued to decline as figures came down to 559,000.

Highlighting Jordan as the only Arab country that no longer has any equity in the telecommunications sector it regulates, Hiyasat pointed out that the volume of investments in this industry totaled JD 967 million over the last seven years (2001–2007).

Add a Comment

Your display name This field is mandatory

Your e-mail address This field is mandatory (Your e-mail address won't be published)

Security code