Jordan's Phosphate Company to get $1.55 billion make-over
The Jordan Phosphate Mines Company (JPMC) will establish $1.55 billion worth of joint Arab and foreign ventures as part of its strategic plan, according to Chairman Amer Majali. In a statement on Tuesday, he noted that these projects are intended to gradually raise the production of phosphate by 50 per cent until 2018, of which 30 per cent will be raised by the end of this year. Majali indicated that this year will witness a “positive” change that will be reflected on the company’s financial statement based on an expansion plan that will create 5,000 jobs.
- Frozen: Arab Spring economies barely trading with one another
- China-Pakistan economic corridor: a game-changer for the Middle East?
- Suspended tax transfers pushed Palestinian economy to the brink
- Egypt passed the economic conference with flying colours, but what's next?
- Why the GCC really needs a VAT tax