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.