Jordanian construction industry on verge of collapse
Contractor association says unpaid government dues crippling local construction companies
Jordan’s construction industry is on the verge of collapse, local contractors have warned.
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Jordan’s construction industry may be on the brink of collapse due to unpaid government dues and the sharp drop in output, the Jordan Construction Contractors Association has warned.
A report in the Jordan Times has said that the government currently owes local construction companies around $168.9mn, quoting Ahmad Tarawneh, president of JCCA.
Although the government has pledged to repay its debts, it has not kept this promise, Tarawneh said. The value of projects carried out by local contractors this year stood at $210.8mn. In 2009 it had reached $5.06bn, he added.
