State mining group plans to build $350m phosphates plant in Aqaba
Jordan Phosphate Mines Company (JPMC) has signed an agreement with Chongqing Minmetal and Machinery Import and Export Company for the Chinese company to build a $350m phosphate fertiliser plant in Aqaba.
According to the state-run Petra news agency, the two companies signed a memorandum of understand (MoU) to construct a facility that uses phosphate rock mined in Jordan to produce value-added fertiliser products.
The companies are expected to negotiate a final agreement before conducting a feasibility study to determine the scope of the project on Jordans Red Sea coast.
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