AMMAN —
Minister of Energy and Mineral Resources Saleh Kharabsheh 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, according to the Jordan News Agency, Petra.
اضافة اعلان
Kharabsheh
stressed the importance of PPPs as part of measures taken in line with the
Economic Modernization Vision, which will boost Jordan’s mining industries. He
pointed to the need to establish a research center for mining and metallurgy.
“Work is under way
to develop a national program for mining, provide survey-related data,
harmonize regulations with international standards, review the system of
financial incentives, and attract foreign investment,” the minister said
Tuesday.
He added that
efforts are focused on establishing downstream industry 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 reach $5 billion in 2033,”
Kharabsheh noted.
... The Indian government has approved the memos in the field of mining and utilization of Jordanian crude phosphates.
Meanwhile, the
Indian Federal Cabinet approved memoranda of understanding (MoUs) worth $1.5
billion signed by the Jordan Phosphate Mines Company (JPMC) and India last May
for cooperation in the mining and phosphate industries, Al-Mamlaka TV reported.
According to a
disclosure by the JPMC on the
Amman Stock Exchange website, the Indian
government has approved the memos in the field of mining and utilization of
Jordanian crude phosphates.
The memoranda
include establishing a factory in Jordan to produce phosphoric acid and
fertilizers from compound fertilizers for the purpose of exporting them
entirely to India under a long-term contract, and supplying Indian factories
with Jordanian crude phosphate.
The JPMC said that
the memos that were signed will boost profitability and enhance its financial
position.
Under the agreements, two
phosphoric acid factories will be built in Shidiya and
Aqaba after concluding
economic and technical feasibility studies.
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