A $110m loan agreement has been signed between the Jordan Phosphate Mines Co (JPMC) and the International Finance Corp (IFC), Jordan Times has reported. The loan will be used to fund the construction of a new port for phosphate in Aqaba. The loan is divided into two parts, the first $50m is provided by the IFC, while the second $60m will be offered by the Europe Arab Bank Group under the IFC.
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