Middle East Economic Survey

VOL. LIII

No 14

05-April-2010

Jordan

JPMC And ADC Finalize Agreement For New Phosphate Port

Jordan Phosphate Mines Company (JPMC) and 'Aqaba Development Corporation (ADC) on 28 March signed an agreement under which JPMC will develop on a build-own-transfer (BOT) basis a new phosphate port. The port project, which is in line with the master plan of the 'Aqaba ports, will be ready by mid-2012 for operation by JPMC for a period of 30 years. In 2008 JPMC and ADC, the...