Middle East Economic Survey

VOL. L

No 8

19-Feb-2007

Jordan

JPMC And Indian Company Sign MOU For Phosphoric Acid Project In Jordan

Jordan Phosphate Mines Company (JPMC) and Indian Farmers Fertilizer Cooperative (IFFCO) on 31 January signed a memorandum of understanding (MOU) to build a phosphoric acid plant at the Ishidiya mines in south Jordan, with an estimated cost of $350mn. According to JPMCs Executive Director Walid al-Kurdi the joint venture project will be owned 48% by JPMC and 52% by IIFCO,...