AMMAN –
Jordan Phosphate Mines Company (JPMC) and Turkish
Transpet Petroleum and Energy Company signed an agreement on Tuesday to
establish a joint factory for
phosphoric acid (P2O5) in Aqaba. The project,
with a budget of $400 million, is expected to have an annual production
capacity of up to 300,000 tonnes.
اضافة اعلان
The agreement, inked at the headquarters of the
Aqaba Special Economic Zone Authority (ASEZA), represents the largest
Turkish-Jordanian investment in the phosphate and phosphate fertilizer sector
to date. It was signed by JPMC Chairman, Mohammed Thneibat, and Transpet
Chairman, Ramazan Ostruk.
During the signing ceremony, Thneibat emphasized the
significance of the new agreement and the partnership with Turkish Transpet. He
highlighted the potential for increased cooperation between the two nations in
the phosphate fertilizer industry and the attraction of Turkish investments to
Jordan, the Jordan News Agency, Petra reported.
Thneibat mentioned that the establishment of the new factory
aligns with JPMC's ongoing efforts to prioritize manufacturing industries.
Furthermore, he pointed out that the collaboration with Turkish Transpet to set
up the factory over a 3-year span is projected to create hundreds of job
opportunities. This initiative will contribute to national efforts to address
unemployment.
Thneibat added that this agreement is a continuation of a
series of agreements
JPMC has entered into with various international entities
in the phosphate and phosphate fertilizer industry. Such collaborations enhance
JPMC's standing on both regional and global scales.
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