Middle East Economic Survey


No 8



Jordanian Company To Acquire Indian Equity In Phosphoric Acid Plant

The Jordan Phosphates Mines Company (JPMC) intends to acquire all the equity (52%) held by the Southern India Petrochemical Company (SIPCO) in a joint venture phosphoric acid plant in the free zone area of Shidiyah in South Jordan. JPMC already has a 35% stake in the joint venture plant and after the acquisition its stake will rise to 87%, with the remaining share...