Jordan, an Arab nation on the east bank of the Jordan River, is largely known for its ancient monuments, and nature reserves. But beyond its history, and small size, the Middle Eastern nation aims to become a tech and fintech front-runner in the region. Despite its limited resources compared to neighbouring countries, Jordan boasts a diversified economy. Trade and finance account for nearly a third of its gross domestic product (GDP), while transportation, communications, public utilities, and construction represent one-fifth. Mining and manufacturing also contribute significantly. Jordan’s tech scene has experienced remarkable growth, with startup funding increasing by nearly 500 per cent in 2021 compared to the previous year. Despite its small size, Jordan has a vibrant entrepreneurial ecosystem. Around 27 per cent of tech entrepreneurs in the Middle East and North Africa (MENA) region are Jordanian, despite the country making up only three per cent of the region’s population. However, many Jordanian entrepreneurs leave the country for better opportunities elsewhere. (ICE AMMAN)

Fonte notizia: FINTECH