Amman, Jordan’s mining industry brought in JD3.11 billion in revenue in 2021, making up 9.12 percent of the country’s GDP and 30.4 percent of total exports, the Ministry of Energy and Mineral Resources announced on Sunday.
The extractive industries generated JD1.94 billion of the total revenue, while the transformative industries generated JD1.16 billion.
“In 2022, the ministry signed seven memorandums of understanding in an effort to put Jordan firmly on the regional and global mining map,” the ministry added, noting that previous statements by the Minister of Energy, Saleh Kharabsheh, described the MoUs as a strategy to restore momentum to the mining sector, which has a high industrial value.
The ministry has additionally unveiled an interactive map to promote regions with promising mineral resources and encourage oil and gas exploration.
Jordan’s mineral resources strategy aims to increase the mining sector’s contribution to GDP 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.
Local mining industries have recently made significant strides on many fronts, most notably in the extraction and manufacture of phosphates, potash, bromine, chemical acids, and fertilizers.
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 and help cut down on the import of manufactured goods. In the long run, this will boost the GDP and contribute to social advancement through the efficient use of labor, the ministry said.
Source: JordanNews Agency