Our Last Best Chance_ The Pursuit of Peace in a Time of Peril - King Abdullah II [86]
Our companies were now playing on a global stage. A few of our larger businesses, such as Aramex, a courier company, and Hikma, a pharmaceutical manufacturer, were successfully competing internationally. Our membership in the WTO opened new markets for them. But many smaller companies were struggling. We needed to build on our local advantages, and began to devise mechanisms to help. The King Abdullah II Fund for Development provides capital and infrastructure to promising Jordanian entrepreneurs. And we soon found exactly the type of project we were looking for.
In the mountains of Ajloun, in northern Jordan, are some of the oldest olive trees in the world. But many farmers were using fiftyyear-old equipment to produce olive oil, and a few were employing methods that had not changed for millennia, using small presses and selling their wares locally in old glass jars. The rest of the crop would be sold for pennies to foreign companies, including Italian and Spanish ones, which, using the most modern equipment, processed our olives into expensive oils and sold them for a large profit. The fund invested in advanced pressing, bottling, and packaging equipment and set up a specialist company to help with branding and marketing. The resulting product is now sold in some of London’s most exclusive department stores.
One of my priorities has been to strengthen the Jordanian manufacturing and industrial base, particularly in the area of military technology. The King Abdullah II Design and Development Bureau (KADDB), founded in 1999, has been a key part of this strategy. Through KADDB, Jordanian tanks and armored vehicles have been upgraded and new projects initiated (many of which are classified). We have expanded our collaboration with other nations’ armed forces, including those of the United States, Brunei, and Azerbaijan. Deals have been signed with European defense companies to maintain F-16 aircraft, develop military vehicles, and manufacture unmanned aerial vehicles. Working with a Russian partner, KADDB developed a new and extremely powerful shoulder-launched antitank missile, the RPG-32. Our products have been sold to Yemen, Libya, and Oman, among other countries.
One new project with enormous ramifications is the development of Jordan’s significant but unexploited uranium deposits. Although we had long known that our country had considerable uranium deposits, we had not moved to explore their commercial potential. In 2008 we set up the Jordanian-French Uranium Mining Company, a joint venture with the French power company AREVA. After initial surveys revealed a large quantity of uranium in the central desert, estimated at some 4 to 6 percent of the world’s total uranium reserves, we began working on setting up Jordan’s first uranium mine. We have signed additional exploration agreements with the Chinese firm Sino Uranium and the Anglo-Australian company Rio Tinto. Under the guidance of the Jordan Atomic Energy Commission, we are developing a nuclear energy program, which would reduce our dependence on costly imports of oil and gas. A domestic nuclear reactor, provisionally planned to be built in the south, could supply up to a third of our country’s energy. But that is only the first step. The large amount of electricity it is expected to generate would allow us to power desalination plants, providing affordable water and thus achieving two goals at once.
Jordan is a signatory to the Nuclear Non-Proliferation Treaty (NPT) and a member of the International Atomic Energy Authority (IAEA). We are more than just a signatory, in fact; we have committed to cooperating fully with these organizations, with complete transparency. We want to be a model of how to develop a nuclear energy program.
In 2009 I gave an interview to the Israeli newspaper Haaretz, saying that Jordan intended to develop nuclear power for peaceful purposes, and adding, “I personally believe that any country that has a nuclear program should