Search Site

Trends banner

‘Wadeem’ sold out for $1.49bn

This is the highest Abu Dhabi real-estate release to date.

Tesla Q2 sales down 13.5%

Shares rally after the disclosure, better than some forecasts.

TomTom cuts 300 jobs

The firm said it was realigning its organization as it embraces AI.

Aldar nets $953m in sales at Fahid

Aldar said 42 percent of the buyers are under the age of 45.

Qualcomm to Alphawave for $2.4 bn

The deal makes Alphawave the latest tech company to depart London.

Jordan forms a PPP council to boost mining sector

Jordan's Minister of Energy and Mineral Resources announced the formation of a Public-Private Partnership (PPP) council for mining. (PETRA)
  • This Public-Private Partnership is part of the plan for implementation of the economic modernization vision
  • The minister said that there is a need for establishing a research center for mining and metallurgy as part of the vision

Jordan’s Minister of Energy and Mineral Resources Saleh Kharabsheh on Tuesday announced the formation of a Public-Private Partnership (PPP) council for mining, to deliver better services and raise the sector’s contribution to the gross domestic product.

The minister stressed the importance of this PPP as part of the implementation of the economic modernization vision, which will boost Jordan’s position in the field of mining industries.

He said that there is a need for establishing a research center for mining and metallurgy.

“Work is underway to develop a national program for mining, provide survey-related data, harmonize regulations with international standards, review the system of the financial incentive and attract foreign investment,” Kharabsheh added.

Moreover, the minister indicated that efforts are currently focused on establishing downstream industries projects, as well as launching a financing program to attract professionals and upgrade mining techniques.

“The ministry is promoting the mining sector to raise its economic indicators, with the aim of expanding its exports by 10.5 percent annually to hit about $5 billion in 2033,” he said.