VOL. XLI

No. 18

4-May-1998

JORDAN

EIB Lends $47Mn To Jordan's APC

The European Investment Bank (EIB) announced on 29 April that it is lending ECU43mn($47.3mn) to Jordan's Arab Potash Company Ltd (APC) for upgrading and expanding existing potash manufacturingactivities at Safi, in the south-eastern part of the Dead Sea in Jordan. The project will increase the potashproduction capacity by 10%, from 1.8 to 2mn tons/year. In a statement, the EIB said thatit is also supporting the expansion of the...