Jordan

Premium Profile

Jordan is an Arab Muslim country located on desert plateaus in southwest Asia and strategically positioned to serve as a regional business platform. Jordan's population in 2021 is estimated at 10.2 million people living in 89,342km2. Jordan's mining sector is considered fundamental to the Jordanian economy. It plays a vital role in the growth of many crucial sectors in the economy and contributes to Jordan's standard of living. Jordanian government over the years has done so well in economic reforms, such as expanding foreign trade and investment, and privatizing state-owned companies that attracted foreign investment and contributed to the gross domestic product, 2020 Jordan's GDP per capita, PPP (current international $) was $10,356. Jordan has been encouraging foreign investment and developing an outward-oriented, market-based, and globally competitive economy. According to the 2019 Investment climate statements; Although the Jordanian economy is small, it is attractive to foreign investors because of its skilled workforce and touristic destination.

Quick Facts

Phosphate

Primary Mineral

70,000 MT

Estimated Reserves

Tax is only on income sourced in Jordan

Tax Benefits

>60 Mining Companies

Resource Businesses

Jordan is considered rich in mineral resources; some of them were exploited, exported, and consumed in the domestic manufacture of fertilizers. The mining industry in Jordan is divided into two; the mineral extraction industry and the mineral manufacturing industry. The mineral extraction industry covers a wide range of products, including potash, phosphate, salt, calcium, zeolites, silica, carbonate, and travertine, in addition to other quarries and mines products. On the other hand, the mineral manufacturing industry is composed of two branches: the chemical industry (fertilizers, chemical acids, aluminum fluoride, quick and quenched lime) and the construction materials industry (white cement, rock wool, building materials, china ceramic) Other fewer mineral resources include anhydrate, barite, sulfur and rare earth elements in addition to a promising, prospecting of metallic minerals such as gold, copper, manganese, and iron. Radioactive elements such as uranium, thorium, and zircon are present in reasonable quantities. Semi-precious stones also are abundant in many localities and scattered throughout different rock types as igneous, metamorphic, and sedimentary rocks.

Meanwhile, limestone is also exploited and exported. The mining industry in Jordan is dominated by 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 globally. Jordan also has sustainable amounts of uranium, around 3% of the world’s resources. According to the Jordanian Ministry of Energy and Mineral Resources, there are more than 18 known surfaces and near-surface deposits concerning Oil Shale. The Ministry also reports the availability of copper mineralization. Furthermore, the Ministry reported that recent geochemical prospecting in Jordan by the Natural Resources Authority (NRA) detected anomalous gold values at the northern end of the Arabian-Nubian shield in South Jordan.

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 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.  According to the Jordan chamber of industry and Ministry of industry and trade, the number of companies that have invested in the mining business area in 2021 has added up to 60 compared with 51 companies in 2014. This shows that the future of the mining sector in Jordan is promising. The annual tax rate ranges from 5% to 30% for Mining Companies

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