Jordan's Mining Industry Set for Transformation by 2033

Jordan's mining industry is on track for substantial expansion, with forecasts indicating a significant increase in its contribution to the nation's GDP. The government has unveiled an ambitious initiative to transform Jordan into a mining state by 2033, with the goal of reaching 2.1 billion Jordanian dinars ($2.9 billion) in GDP contribution, up from 0.7 billion dinars in 2023. This strategic shift is part of the National Mining Strategy, aiming to elevate the sector's workforce to 27,500 and boost export values to 3.5 billion dinars.

The strategy, developed with the assistance of global consultancy firm Wood Mackenzie, aligns with Jordan's Economic Modernization Vision. The Ministry of Energy and Mineral Resources has been proactive in driving this transformation, signing multiple agreements to enhance investment in the extractive industries. By focusing on accelerating mineral exploration and fostering partnerships with international companies, Jordan aims to establish itself as a key player in the global mining arena.

Looking ahead, the ministry plans to continue advancing its initiatives in 2024, with a focus on value-added mining operations. By capitalizing on positive exploration results and leveraging its natural resources, Jordan is positioning itself for growth and success in the mining and minerals sector.

Jordan's strategic efforts to revitalize its mining industry are poised to yield significant economic benefits, with a clear roadmap outlined in the National Mining Strategy. By prioritizing investment in mineral exploration and fostering international partnerships, Jordan is paving the way for a prosperous future in the global mining landscape.