Jordan

Jordan

Jordan is an Arab Muslim country centrally located on desert plateaus in southwest Asia and strategically positioned to serve as a regional business platform. King Abdullah II, during the first decade of the 2000s, implemented significant economic reforms, such as expanding foreign trade and privatising state-owned companies that attracted foreign investment and contributed to average annual economic growth of 8% for 2004 through 2008. King Abdullah II's Jordan has continued to take steps to encourage foreign investment and to develop an outward-oriented, market-based, and globally competitive economy. According to the United States 2019 Investment Report on Jordan, the country is uniquely poised as a platform to host investment focused on the reconstruction of Iraq and projects in regional markets.
 
 

 

Jordan is considered rich in mineral resources; some of them were exploited, exported and also consumed in the domestic manufacture of fertilizers such as phosphate and potash. Meanwhile, limestone is also exploited and exported. The mining industry in Jordan is dominated by the production of phosphate, potash, building and decoration stones, glass sand and other nonmetallic resources. Recently, Jordan has been ranked as the sixth largest producer and the second largest exporter of phosphate, the fourth largest producer and the second largest exporter of potash, and has the 5th largest oil- shale reserves in the world. Jordan also has sustainable amounts of uranium around 3% of the world resources. Mineral resources reported to be available in Jordan include; silica sand, feldspar, gypsum, zircon, copper, gold, chalk, bentonite, diatomite, dolomite, zeolite (zeolitic tuff) basalt, oil shale, rare earth elements, and kaolin many of which are yet to be exploited on a large scale, and presents investors with great opportunities. With respect to Oil Shale according to the Jordanian Ministry of Energy and Mineral Resources there are more than 18 known surfaces and near surface deposits. The Ministry also reports of the availability of copper mineralization. They report that the first discovery of copper mineralization in Jordan was in the fifties of the 20th century in Wadi Dana/Wadi Araba area. In ancient times, there were many mining activities for extracting copper which are indicated by the slags and old mines in Khirbet El-Nahas, Wadi Jaryia and other localities. Furthermore, the ministry reported that recent geochemical prospecting in Jordan by the Natural Resources Authority (NRA) detected anomalous gold values over the northern extremity of the Arabian-Nubian shield in South Jordan. The best anomaly sited over felsic volcanic rocks in Wadi Abu Khushayba Area, returned gold values up to 40g/t in heavy mineral concentrations collected from stream sediments. Visible gold was observed in heavy mineral concentration. The Jordanian Public Mining Company is also currently mining gypsum from River Zarqa (Wadi Azab), Malih, and, Burbaita (South Jordan) areas for the cement industry and the private sector in Jordan. An Arabian company has been established in Jordan to manufacture gypsum products. Due to a high demand in the Arab countries and international markets for a quality plaster, the production of this material is highly required, therefore investors are encouraged to consider investing in the further exploration of this mineral.

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