Jordan Invites Investments in Southern Mining Projects with Rich…

Jordan is soliciting investments in mining projects in the southern Aqaba region, which is rich in minerals. The government has allocated funds in the 2025 budget to encourage exploration and aims to elevate the mining sector’s contribution to GDP significantly by 2033.

Jordan is actively inviting investments in mining projects located in its southern Aqaba region, which reportedly holds substantial mineral deposits. The Energy and Mineral Resources Ministry has released a comprehensive report detailing various areas that are available for investment by both local and international private sectors. This initiative aims to promote exploration and development of the region’s mineral resources.

According to a report in the Arabic daily Alghad, geological surveys conducted from 1994 onwards have indicated that these areas are abundant in minerals such as zinc, copper, lead, iron, and tin. In support of this initiative, the Jordanian government has allocated approximately 700,000 Jordanian dinars (equivalent to $980,000) in its 2025 budget specifically for mineral exploration activities in the southern regions, thus incentivizing potential investors.

The report outlines Jordan’s ambitious goal to significantly enhance the mining sector’s contribution to the national GDP. Aimed for realization by 2033, the government seeks to increase this contribution to nearly JOD 2.1 billion ($2.9 billion), a considerable rise from the current contribution of approximately JOD 700 million ($980 million) forecasted for 2024.

In summary, Jordan is strategically positioning itself to enhance its mining sector by opening various southern areas to investment. With substantial mineral resources and a dedicated financial commitment from the government, the initiative seeks to significantly elevate the sector’s economic impact. These efforts signify Jordan’s commitment to expanding its mining industry, vital for future economic growth.

Original Source: www.zawya.com