Jordan's New Mining Strategy: Transforming into a $2.9bn Mining State by 2033
Jordan's mining sector is projected to grow significantly, aiming to contribute $2.9 billion to the country's GDP by 2033.
This is part of the government's new initiative, the National Mining Strategy, which aims to make Jordan a mining state.
The sector's workforce is expected to reach 27,500, and exports are projected to increase to $3.5 billion from $1 billion.
The strategy is supported by Jordan's King Abdullah and prioritizes accelerating investment in mineral exploration.
In 2023, the Jordanian Ministry of Energy and Mineral Resources completed initiatives under the Economic Vision 2025 for the mining sector, with guidance from Wood Mackenzie.
The ministry's strategy focuses on maximizing Jordan's economic potential, enhancing citizens' quality of life, and maintaining sustainability.
The ministry signed 11 memorandums of understanding to boost investment in extractive industries and three memorandums of cooperation with companies to further these goals.
The ministry intends to carry on with ongoing mining initiatives in 2024, aiming to develop these Memorandums of Understanding (MoUs) into value-added mining operations.
These efforts are part of the country's strategy to enhance its position in the mining and minerals industry.