ammonnews.net

Ammon News - Jordanian workers in Qatar transferred approximately $22 million, equivalent to JD15.6 million, during the Eid al-Adha period, according to officials from money transfer and exchange companies in the Qatari market.

This marks a 4.54 percent increase from the same period in 2023, when remittances were around $21 million, or JD14.8 million.

Exchange company officials, speaking to the Jordan News Agency on Sunday, highlighted that holidays and public occasions typically see a notable rise in remittance activity from the Jordanian community and other expatriates in Qatar, compared to other times of the year.

The officials explained that the surge in financial transfers by Jordanian workers generally begins to rise gradually about two to three weeks before Eid al-Adha, contributing to a significant increase in remittance volumes during this period.

Many Jordanians in Qatar regularly transfer a portion of their income to family members in Jordan, particularly during holidays. These remittances help families meet holiday expenses, pay off bank loans and debts, fulfill obligations, and cover various other financial needs.

Most Jordanians prefer to use exchange companies for these transfers due to their lower fees compared to banks. However, some opt for bank transfers or various financial applications. All transfer methods are known for their speed, reliability, and efficiency, fostering healthy competition primarily based on transfer fees.

The volume of remittances from Jordanian workers in Qatar continues to grow, reflecting the increasing Jordanian population in Qatar, now nearing 75,000, up from around 50,000 a few years ago.

The Qatari initiative to employ Jordanian youth has significantly contributed to this growth. Launched in 2018, the initiative’s first phase facilitated the employment of about 10,000 Jordanians in both the government and private sectors in Qatar.

The second phase, launched in 2020, aims to provide a similar number of job opportunities gradually.

Jordanians in Qatar are employed across various sectors, with significant representation in financial and banking services, real estate, construction, hospitality, tourism, food services, IT, as well as in government and private educational and medical institutions. Petra