Mineral policy in MENA countries: the case of Jordan

Document Type

Article

Publication Date

1-1-2024

Department

College of Business

Abstract

The purpose of this study paper is to examine Jordan’s mineral development and investment policies. Mining policies that attract foreign investment must handle both traditional investor concerns and some new challenges. The paper delves deeply into issues such as a country’s geological, political, financial, regulatory, operational, fiscal, social, and environmental characteristics, as well as profit and marketing factors. After analyzing these criteria for Jordan, they were compared to the MENA region in order to provide insights into potential changes and improvements to both the MENA and Jordan mineral policies. International investors have not been drawn to Jordan’s mineral resource sector for a number of reasons, including—but not limited to—a lack of digitally available and accessible geological data, lack of access to finance exploration projects, an unfavorable legal and fiscal environment, lack of many of the best practices for transparency standards, and lack of awareness and promotion of Jordan’s mineral potential among international businesses. For Jordan to improve its standing in the world for investing in mining, it needs effective mining regulations, effective regulatory agencies, very lenient foreign investment laws, highly competitive tax system, enormous geologic potential, highly qualified personnel, exceptional local expertise and skills, modern infrastructure, and stable political and economic systems.

Publication Title

Mineral Economics

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