Jordan Approves Copper Mining Agreement, Green Hydrogen Feasibility Study, and Economic Measures
Key Ideas
  • The Cabinet in Jordan approved a 30-year copper mining agreement with Wadi Araba Mining Company, covering 25 square kilometers, aimed at boosting economic activity and ensuring local processing of raw materials.
  • In a move towards environmental sustainability, a land use agreement was approved for Indian company Ocior Energy to conduct green hydrogen feasibility studies, aligning with Jordan's aspiration to become a regional hub for green hydrogen production.
  • Several economic measures were put in place, including an extension of customs penalty relief to cases discovered before January 1, 2025, to aid businesses in resolving outstanding customs issues and facilitating revenue collection.
  • The Cabinet also focused on urban development concerns by providing quarry operators in the Samad Quarries area with a transitional period to close operations, addressing issues related to urban expansion and the impact of operations on residential areas.
The Cabinet in Jordan made several significant decisions to support economic growth, environmental sustainability, urban development, and professional accreditation. Firstly, a 30-year copper mining agreement was approved with Wadi Araba Mining Company, emphasizing local processing of raw materials and public subscription of shares. Additionally, a land use agreement with Ocior Energy for green hydrogen feasibility studies showcased Jordan's commitment to becoming a regional green hydrogen production hub. The government extended customs penalty exemptions to assist businesses in resolving outstanding issues. Urban development concerns were addressed by providing quarry operators in Samad Quarries with a transition period to close operations due to urban expansion and safety concerns. Professional engineers will benefit from a new accreditation system to enhance their competitiveness globally. Finally, other decisions included updating regulations for private medical laboratory licensing, additional funding for education reform programs, and settlement recommendations for tax cases, reflecting the government's efforts to facilitate business operations and promote sustainable development.
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