Latest news with #MaenNsour
Zawya
22-05-2025
- Business
- Zawya
Jordan: Prime minister inaugurates $1.1bln APC southern expansion project
AMMAN — Prime Minister Jafar Hassan on Tuesday inaugurated the Southern Expansion Project of the Arab Potash Company (APC), one of the Kingdom's most significant strategic industrial ventures, with an estimated investment of $1.1 billion. The inauguration ceremony, attended by APC Chairman Shehadah Abu Hdaib, CEO Maen Nsour, members of the board, and Minister of Energy and Mineral Resources Saleh Kharabsheh, marked a major milestone in Jordan's efforts to boost industrial capacity and economic competitiveness, the Jordan News Agency, Petra, reported. Speaking at the event, Prime Minister Hassan commended APC's commitment to expanding its operations and tapping into new markets, noting that such efforts enhance Jordan's global standing in the potash and related industries. He emphasised the project's alignment with the Economic Modernisation Vision, which aims to spur economic growth and create sustainable employment opportunities. Hassan also highlighted the project's synergy with other national megaprojects, including the National Water Carrier, the Aqaba-Shidiya-Ghor Al Safi railway, and green hydrogen initiatives, describing them as essential pillars for Jordan's future development. The prime minister stressed the importance of equipping local communities, particularly in the southern governorates, with training and skill development programmes to ensure they benefit from the job opportunities the project will generate throughout its phases. He also commended APC's leadership in corporate social responsibility (CSR), saying the company has set a benchmark that has inspired other institutions to contribute to national development. He reaffirmed the government's commitment to institutionalising CSR through structured partnerships between the public and private sectors and local communities. The Southern Expansion Project is expected to raise APC's production capacity by 740,000 tonnes annually, bringing total output to approximately 3.7 million tonnes per year. The increase supports the objectives of the Economic Modernisation Vision, particularly in the mining and fertiliser sectors, key components of the national economy due to their potential to maximise returns on natural resources, enhance profitability and sustain economic growth. In addition to driving national exports and boosting foreign currency reserves, the project will increase state revenues through direct and indirect channels and generate new job opportunities, Petra reported. Project components include new evaporation ponds, a state-of-the-art potash production plant, and a granular potash facility, along with a series of advanced technical and engineering works. Preparatory engineering is slated to begin in the second half of 2025, with implementation to start next year and be completed within four years. APC Chairman Abu Hdaib said the project will reinforce Jordan's role in international food security by providing essential and specialised fertilisers to improve crop yields worldwide. He expressed gratitude for the continued royal support from His Majesty King Abdullah, which he said has been instrumental in enabling the company's growth. He also acknowledged the government's ongoing support for key projects, which he said has helped overcome challenges, accelerate progress, and solidify APC's role as a leading industrial entity both regionally and internationally. Abu Hdaib also extended special thanks to the Jordan Armed Forces-Arab Army for their efforts in clearing landmines from the project site, ensuring safe and timely project implementation. CEO Maen Nsour noted that the Southern Expansion Project is a cornerstone of APC's broader strategic plan, launched in 2019 when the company transitioned from foreign strategic investment to Jordanian management. The plan targets a 30 per cent increase in production by 2030, emphasising efficiency, diversification, and integrated production. © Copyright The Jordan Times. All rights reserved. Provided by SyndiGate Media Inc. (
Jordan Times
21-05-2025
- Business
- Jordan Times
Prime minister inaugurates $1.1b APC southern expansion project
Prime Minister Jafar Hassan on Tuesday inaugurats the Southern Expansion Project of the Arab Potash Company (APC) with an estimated investment of $1.1 billion (Petra photo) AMMAN — Prime Minister Jafar Hassan on Tuesday inaugurated the Southern Expansion Project of the Arab Potash Company (APC), one of the Kingdom's most significant strategic industrial ventures, with an estimated investment of $1.1 billion. The inauguration ceremony, attended by APC Chairman Shehadah Abu Hdaib, CEO Maen Nsour, members of the board, and Minister of Energy and Mineral Resources Saleh Kharabsheh, marked a major milestone in Jordan's efforts to boost industrial capacity and economic competitiveness, the Jordan News Agency, Petra, reported. Speaking at the event, Prime Minister Hassan commended APC's commitment to expanding its operations and tapping into new markets, noting that such efforts enhance Jordan's global standing in the potash and related industries. He emphasised the project's alignment with the Economic Modernisation Vision, which aims to spur economic growth and create sustainable employment opportunities. Hassan also highlighted the project's synergy with other national megaprojects, including the National Water Carrier, the Aqaba-Shidiya-Ghor Al Safi railway, and green hydrogen initiatives, describing them as essential pillars for Jordan's future development. The prime minister stressed the importance of equipping local communities, particularly in the southern governorates, with training and skill development programmes to ensure they benefit from the job opportunities the project will generate throughout its phases. He also commended APC's leadership in corporate social responsibility (CSR), saying the company has set a benchmark that has inspired other institutions to contribute to national development. He reaffirmed the government's commitment to institutionalising CSR through structured partnerships between the public and private sectors and local communities. The Southern Expansion Project is expected to raise APC's production capacity by 740,000 tonnes annually, bringing total output to approximately 3.7 million tonnes per year. The increase supports the objectives of the Economic Modernisation Vision, particularly in the mining and fertiliser sectors, key components of the national economy due to their potential to maximise returns on natural resources, enhance profitability and sustain economic growth. In addition to driving national exports and boosting foreign currency reserves, the project will increase state revenues through direct and indirect channels and generate new job opportunities, Petra reported. Project components include new evaporation ponds, a state-of-the-art potash production plant, and a granular potash facility, along with a series of advanced technical and engineering works. Preparatory engineering is slated to begin in the second half of 2025, with implementation to start next year and be completed within four years. APC Chairman Abu Hdaib said the project will reinforce Jordan's role in international food security by providing essential and specialised fertilisers to improve crop yields worldwide. He expressed gratitude for the continued royal support from His Majesty King Abdullah, which he said has been instrumental in enabling the company's growth. He also acknowledged the government's ongoing support for key projects, which he said has helped overcome challenges, accelerate progress, and solidify APC's role as a leading industrial entity both regionally and internationally. Abu Hdaib also extended special thanks to the Jordan Armed Forces-Arab Army for their efforts in clearing landmines from the project site, ensuring safe and timely project implementation. CEO Maen Nsour noted that the Southern Expansion Project is a cornerstone of APC's broader strategic plan, launched in 2019 when the company transitioned from foreign strategic investment to Jordanian management. The plan targets a 30 per cent increase in production by 2030, emphasising efficiency, diversification, and integrated production.
Zawya
28-02-2025
- Business
- Zawya
Jordan: APC explores cooperation with France in fertilisers
AMMAN: Arab Potash Company (APC) Chairman Shehadah Abu Hdaib and CEO Maen Nsour on Thursday discussed aspects for cooperation with French Ambassador Alexis Le Cour Grandmaison during his visit to the company. The ambassador was briefed on the APC's strategic plans and its "significant" role in the global fertiliser market, the Jordan News Agency, Petra, reported. Abu Hdaib highlighted the "strong" ties between Jordan and France, emphasising the APC's commitment to expanding collaboration with French companies and exchanging expertise in potash and fertiliser manufacturing. He noted that the APC is the sole producer of potash in the Arab world and ranks sixth globally. The company exports over 90 per cent of its output to more than 30 countries across Africa, Asia, Europe and the Middle East, with ongoing investment projects aimed at enhancing its global competitiveness, he added. Nsour underscored the importance of the French market for APC, revealing that exports to France grew by 40 per cent during 2023 and 2024. He expressed optimism for further growth and presented an overview of APC's achievements. The company is implementing a strategy focused on increasing potash production, expanding specialised fertiliser output, and driving innovation through research and development. He also highlighted the APC's commitment to sustainability by adopting environmentally friendly technologies that enhance resource efficiency and support global food security. Grandmaison commended APC's development and its role in meeting global fertiliser demand, affirming France's interest in strengthening economic partnerships with the Kingdom. He pointed to promising opportunities for deeper cooperation, particularly as France represents a key European market for the APC. Both sides stressed the need for sustainable solutions to support farmers in addressing climate change and improving agricultural productivity. They reaffirmed their commitment to ongoing economic dialogue and cooperation to expand trade and investment opportunities between Jordan and France. © Copyright The Jordan Times. All rights reserved. Provided by SyndiGate Media Inc. (
