The banking sector is one of the principal foundations of Jordan’s economy. Despite the unrest and economic difficulties in the Arab world resulting from the Arab Springuprisings, Jordan’s banking sector maintained its growth in 2014. The sector currently consists of 25 banks, 15 of which are listed on the Amman Stock Exchange. Amman is the base city for the international Arab Bank, one of the largest financial institutions in the Middle East, serving clients in more than 600 branches in 30 countries on five continents. Arab Bank represents 28% of the Amman Stock Exchange and is the highest-ranked institution by market capitalization on the exchange. Amman is the 4th most visited Arab city and the ninth highest recipient of international visitor spending. Roughly 1.8 million tourists visited Amman in 2011 and spent over $1.3 billion in the city. The expansion of Queen Alia International Airport is an example of the Greater Amman Municipality’s heavy investment in the city’s infrastructure. The recent construction of a public transportation system and a national railway, and the expansion of roads, are intended to ease the traffic generated by the millions of annual visitors to the city. Amman, and Jordan in general, is the Middle East’s hub for medical tourism. Jordan receives the most medical tourists in the region and the fifth highest in the world. Amman receives 250,000 foreign patients a year and over $1 billion annually. Amman is introducing itself as a business hub. The city’s skyline is being continuously transformed through the emergence of new projects. A significant portion of business flowed into Amman following the 2003 Iraq War. Jordan’s main airport, Queen Alia International Airport, is located south of Amman and is the hub for the country’s national carrier Royal Jordanian, a major airline in the region. The airline is headquartered in Zahran district. Rubicon Group Holding and Maktoob, two major regional information technology companies, are based in Amman, along with major international corporations such as Hikma Pharmaceuticals, one of the Middle East’s largest pharmaceutical companies, and Aramex, the Middle East’s largest logistics and transportation company.

The growth of the Saudi Arabian oil industry into the largest in the world brought about the rapid development of the region. As oil production increased, so did the number of people required to run the industry. The growing population needed more housing and services. First-rate hospitals and schools provided further incentives for people considering a move to the area. Service industries sprouted up to support the oil industry and meet the needs of people living in the Dammam Area. As a result, a region which had several hundred inhabitants some sixty years ago now boasts a population of well over 1.5 million, growing at a pace of over five percent a year. The key to the success of the Dammam Area is that unlike oil towns in other parts of the world, it has developed in all spheres. It is now a modern urban and industrial center which happens to be the headquarters of the Saudi Arabian oil industry. As this sector was growing in the early years, the Saudi Arabian government took steps to facilitate the evolution of the Dammam Area. New roads and highways connected the area to other urban and industrial centers in the Kingdom. A railway line connected Dammam to the agricultural center of Al-Kharj and on to Riyadh. Dhahran International Airport was established between Dhahran and Al-Khobar to connect the region to other parts of the Kingdom and the world. To encourage the growth of non-oil industries, an industrial city was established in the open space between the three cities. Now home to more than 124 factories, the industrial complex is completely engulfed by an urban mass. As a result, a second industrial city was established further away from the Dammam Area along the highway to Riyadh. Located on nearly 6,000 acres (24 km2) of land, the Second Industrial City is already home to 120 factories, with 160 others under construction. These plants manufacture a variety of consumer and industrial products that are marketed throughout the Kingdom and are exported to other countries around the world. Handling such exports, as well as imports from abroad, is the domain of shipping agents and commercial companies located in Dammam and Al-Khobar, making the Dammam Area not only a major oil producing and exporting area, but also a commercial and shipping center. The growth of the region has necessitated the construction of a larger and more modern airport to replace the Dhahran International Airport which is now cramped for space. The new King Fahd International Airport, located 20 kilometres (12 mi) to the northwest of Dammam, serves not only the Dammam Area but also the Jubail Industrial City, some 60 kilometres (37 mi) to the north. As it has in other parts of the Kingdom, the Ministry of Health has established several modern hospitals and a network of health care centers in the Dammam Area. These are supplemented by hospitals and clinics set up by the private sector. Having been built from the ground up, the Dammam Area was designed from the outset on the principles of modern urban planning. Residential areas are separate from commercial sections, roads are broad and straight and buildings conform to a master plan. One of the main features of the development of the area is land reclamation. Vast stretches of the shallow Persian Gulf waters have been filled, with hotels and office buildings occupying what were once marshes. Water for household, urban and industrial use is provided by desalination plants that supply approximately seven million cubic feet of treated water to the area each day. The availability of water underpins the urban and industrial growth of the Dammam Area, and provisions have been made for expanding existing desalination facilities to meet future growth. The Dammam-Dhahran-Khobar area is a major hub for shipping, oil, commerce and industry. Tankers take on oil at the terminal in Ras Tanura. The Dammam Area is also famous for the wide variety of recreational facilities it offers residents and visitors alike. In many ways, the Dammam Area has evolved as the link between Saudi Arabia and the outside world, exporting the Kingdom’s products and importing its needs and thriving on the interaction between Saudi Arabia and other countries.