AMMAN — Jordan's mining sector
brought in JD3.11 billion in revenues in 2021, making up 9.12 percent of the
country's GDP and 30.4 percent of total exports, Ministry of Energy and Mineral
Resources Saleh Kharabsheh said on Sunday.
اضافة اعلان
Extractive industries, processes that
extract
raw materials from the earth, contributed JD1.94 billion of the total
revenue, while transformative industries, or transforming resources into other
forms of capital, generated JD1.16 billion, the Jordan News Agency, Petra,
reported.
During the past year, the sector focused on
growth and expansion, making several tangible steps to encourage investment and
explore new opportunities.
"In 2022, the
ministry signed seven
memoranda of understanding in an effort to put Jordan firmly on the regional
and global mining map," the ministry added, with previous statements by Kharabsheh
describing the memoranda as a strategy to restore momentum to the mining
sector, which has “high industrial value”.
The ministry has unveiled an
interactive digital map on its official website to promote regions with promising mineral
resources and encourage oil and gas exploration.
The future of Jordan’s mining sectorJordan's mineral resources strategy aims to
increase the mining sector's contribution to GDP from the current 9.12 percent
to 11 percent by 2025. The sector includes extractive and transformative
industries that supply raw materials, intermediate products, and finished goods
to local and global markets.
Jordan's mineral resources strategy aims to increase the mining sector's contribution to GDP to 11 percent by 2025.
Local mining industries have recently made “significant
strides” on many fronts, most notably in the extraction and manufacturing of
phosphates, potash, bromine, chemical acids, and fertilizers, the ministry said.
Because they provide the raw materials for
many manufacturing industries (such as fertilizers and acids), the extractive
industries play a significant role in fostering economic independence by helping
the Kingdom to cut down on its imports of manufactured goods. In the long run,
this will boost the GDP and contribute to social advancement through efficient labor
practices.
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