Jordan is promoting mining investments in the southern Aqaba region, noting significant mineral deposits. The government is allocating funds for exploration to attract investors, aiming to raise the sector’s GDP contribution significantly by 2033.
Jordan is actively inviting investors to explore several mining sites located in the southern area of Aqaba, which are believed to harbor substantial mineral deposits. The Energy and Mineral Resources Ministry released a report indicating that these locations have been identified as rich in various metals, including zinc, copper, lead, iron, and tin, based on surveys conducted since 1994. To incentivize investment, the government has allocated approximately 700,000 Jordanian dinars (around $980,000) in the 2025 budget for mineral exploration efforts in these regions.
In alignment with its strategic goals, the Jordanian government aims to significantly enhance the mining sector’s contribution to the national gross domestic product (GDP). The target is to escalate the sector’s output from approximately JOD 700 million ($980 million) in 2024 to nearly JOD 2.1 billion ($2.9 billion) by the year 2033, signaling a robust commitment to expanding this critical industry.
In summary, Jordan is positioning itself as an attractive destination for mining investment, particularly in its southern Aqaba region, where promising mineral deposits have been identified. The government’s financial support and ambitious growth targets reflect a strategic initiative to bolster the mining sector’s economic contributions over the next decade.
Original Source: www.zawya.com
