Amman: The Jordanian Businessmen Association (JBA) on Sunday valued the Cabinet's endorsement of a memorandum of understanding signed by the Ministry of Energy and Mineral Resources and the National Arab Company for Manufacturing Industries to explore for copper ore in the Southern Jordan Valley region of Ghor Fifa. According to Jordan News Agency, the Cabinet's decision is a step towards achieving the royal vision of enhancing the mining sector and is a translation of the government's efforts to enhance a real partnership between the public and private sectors to invest in the mining and energy sector. This move is aimed at advancing high-value industries within the economic modernization vision, stated JBA President Hamdi Al-Tabbaa. The deal is expected to promote Jordan as a regional mining hub by utilizing the mineral wealth and natural resources through Jordanian expertise and investment. Al-Tabbaa emphasized that the National Arab Company for Manufacturing Industries was launched as a Central Bank of Jordan initiative, which will contribute to realizing the economic modernization vision and strengthening the Kingdom's mining sector.
