JPMC, APC sign deal to establish industrial fertilizer complex
The new complex will be built in the Aqaba Special Economic Zone and Al Shediyeh, according to a joint statement carried by the Jordan News Agency, Petra.
The agreement was signed by JPMC Chairman Mohammed Thneibat and APC Chairman Shihadeh Abu Hdeib, along with the companies' CEOs, Abdul wahab Rawwad and Maen Nsour.
The project reflects a strategic collaboration between Jordan's mega mining companies and aligns with the Kingdom's Economic Modernisation Vision, particularly in the chemical, and fertiliser sectors, the statement said.
According to the statement, the complex will focus on value-added manufacturing, with an emphasis on purified phosphoric acid, a key component in speciality phosphate and potash fertilisers, as well as products used in the food, pharmaceutical, and cosmetics industries.
'This initiative represents a strategic transformation that will enhance Jordan's position as a global producer and exporter of high-value, specialised fertilisers,' the statement said, adding that it exemplifies advanced industrial integration between the two companies.
The shift from exporting raw materials to downstream processing and advanced manufacturing is expected to increase local added value, strengthen Jordan's industrial base, and boost its presence in regional and global fertiliser markets.
In line with global trends in agriculture and food security, the complex will help diversify Jordan's industrial exports and improve its competitiveness in international supply chains, according to the statement.
Beyond its economic benefits, the project is also expected to create direct and indirect job opportunities. Training and professional development programmes will be offered for Jordanian engineers and technicians as part of the initiative.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Al Bawaba
7 hours ago
- Al Bawaba
Endeavor Jordan Appoints Tamer Al-Salah as Managing Director
Endeavor Jordan is proud to announce the appointment of Tamer Al-Salah as its new Managing Director, effective August brings with him over a decade of experience in entrepreneurship development, investment ecosystem building, and startup support in Jordan. Most recently, he served as the Managing Director of Beyond Capital, an initiative launched in 2017, as a partnership between Endeavor Jordan and Silicon Badia, to strengthen and mature the entrepreneurial and investment ecosystem in the career journey began at Endeavor Jordan, where he joined the Search and Selection team and quickly rose to become the Entrepreneur Services and Growth Manager. Tamer later continued to serve the entrepreneurship community through his work at the European Bank for Reconstruction and Development (EBRD), managing advisory projects for multiple SMEs across Jordan.'We are thrilled to welcome Tamer back to Endeavor,' said Samer Al Aloul, Chairman of Endeavor Jordan. 'His deep understanding of the local ecosystem, coupled with his strategic leadership and firsthand experience supporting high-impact entrepreneurs, makes him the ideal person to lead the next chapter of Endeavor Jordan.'Tamer holds a Master's degree in International Business and Entrepreneurship from the University of Essex, and a Bachelor's degree in Management Information Systems from the New York Institute of Technology.'I'm honored to return to the organization where I first developed my passion for supporting entrepreneurs,' said Tamer. 'Endeavor's mission to scale high-impact companies is more relevant than ever, and I look forward to working with the team, the Board, and the broader network to unlock the next wave of entrepreneurial growth in Jordan.' As Managing Director, Tamer will be responsible for overseeing Endeavor Jordan's strategic direction, operations, and expansion efforts, as the organization continues to support and scale the country's most promising entrepreneurs.
Al Bawaba
9 hours ago
- Al Bawaba
Burgan Bank Promotes Eng. Saud Al Hadbah to General Manager of General Services Administration
In line with its ongoing dedication to human capital development and internal career advancement, Burgan Bank is proud to announce the promotion of Eng. Saud Al Hadbah to General Manager – General Services part of its holistic development strategy, Burgan Bank continues to promote from within, recognizing high-performing professionals with proven leadership and operational excellence. Eng. Al Hadbah's promotion is a testament to the Bank's belief in the potential of its people and its sustained efforts to remain an employer of choice in the Kuwaiti banking on the promotion, Mr. Fadel Mahmoud Abdullah, Chief Executive Officer – Kuwait at Burgan Bank, stated: 'On behalf of Burgan Bank's Board and Executive Management, I would like to extend our warmest congratulations to Eng. Saud Al Hadbah on his well-earned promotion. His leadership, deep operational knowledge, and institutional loyalty have consistently demonstrated the qualities we value most in our people. Investing in our talents is not just a goal — it's a strategic pillar that defines how we grow and how we lead.'He added: 'At Burgan Bank, we believe that cultivating internal talent and providing clear pathways for growth is central to building a sustainable, future-ready organization. Eng. Al Hadbah's elevation is not only well-deserved but symbolic of our broader mission: to enable homegrown leadership that can drive our operational excellence, customer-centric mindset, and innovation-forward approach.'Eng. Saud Al Hadbah began his journey with Burgan Bank in 2010, and over the years, has held several key roles across different departments. Prior to this promotion, he served as Deputy General Manager – General Services Administration, where he played a pivotal role in enhancing the Bank's operational infrastructure and ensuring seamless service delivery across all functions and branches. His leadership in facilities management, procurement, and administrative operations has contributed significantly to the Bank's operational agility and service this promotion, Eng. Al Hadbah now assumes broader responsibilities in steering the Bank's General Services functions, including further integration of digital operational frameworks and supporting the Bank's evolving transformation strategy from an infrastructure standpoint. It serves to note that Burgan Bank, a certified Great Place to Work®, continues to maintain a robust development framework that nurtures talent across all levels of the organization — with a dedicated focus on identifying, equipping, and advancing future leaders.
Jordan Times
21 hours ago
- Jordan Times
Jordan loan Guarantee Corporation reports ‘strong' performance in H1 2025
AMMAN — The Jordan Loan Guarantee Corporation (JLGC) on Saturday announced 'strong' financial and operational results for the first half of 2025, driven by notable growth across its various programmes. According to the company's mid-year report, the total value of guarantees issued during the first six months of 2025 reached JD204 million, up from JD178 million in the same period of 2024, the Jordan News Agency, Petra, reported. The company said that this increase reflects its ongoing commitment to enhancing financial inclusion and supporting productive sectors across the Kingdom. JLGC Chairman Adel Sharkas expressed pride in the company's performance, highlighting the strength of its business model and the effectiveness of its strategies. He noted that these results align with the company's mission to support economic growth and expand access to finance, particularly for small- and medium-sized enterprises (SMEs), startups, and export-oriented businesses. The company reported a 3.8 per cent growth in total revenues, reaching JD25.2 million in the January-June period of 2025, compared with JD24.3 million in the corresponding period of 2024, and net profit after tax rose to JD1.79 million, up from JD1.76 million in the same period last year, Sharkas said. He added that as of the end of June 2025, total shareholders' equity stood at JD44.8 million, while the company's total assets reached JD781.3 million. JLGC Director General Adnan Naji highlighted the company's continued developmental role, noting that it guaranteed 831 loans worth nearly JD96 million during the first half of the year, including 111 startup projects valued at JD10.5 million. He also noted the growth of the Micro Enterprise Loan Guarantee Programme, launched two years ago, which has benefited 1,742 companies with total financing of JD13.2 million as of the end of June 2025. In terms of export support, Naji said that the company remained active under its Export Credit and Domestic Sales Guarantee Programme, securing 2,306 export shipments and domestic sales transactions valued at JD107.7 million. Also, 16 new industrial companies from various sectors joined the programme, bringing the total number of active insurance policies to 128, covering exports and sales to buyers in 40 countries around the world. JLGC stressed that these results reflect growing trust from partners in the banking and industrial sectors, the strength of its relationships with financial institutions and exporters, and its continued role as a key enabler of sustainable economic growth and financial inclusion in Jordan.
