16 June 2008 Venture Capital Bank and Jordan Phosphate Mines Company (JPMC) Launch the Expansion Project of Jordan Al Abyad Fertilizers and Chemicals Company (JAFCCO) at US$90 Million
Venture Capital Bank and Jordan Phosphate Mines Company (JPMC) launched the expansion project of Jordan Al Abyad Fertilizers and Chemicals Company (JAFCCO). The total cost of the project estimated around US$ 90 million, and it’s a partnership between Venture Capital Bank, Jordan Phosphate Mines Company and other strategic Jordanian partners whereby Venture Capital Bank represents the largest investor in the Company. The construction process will commence in Al Abyad Area close to the Abyad phosphate mines which will supply phosphate rock, one of the main raw material required for the expansion project.
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20 May 2008
VC Bank to Develop One and a Half Billion Dirham Resort in Nakheel’s The World Project.
Venture Capital Bank (VC Bank), a Bahrain based Islamic investment bank, has incorporated World Development Company Limited for the purpose of developing a luxury resort on Nakheel’s exclusive project, The World. VC Bank will invest in and develop the island located in the “northern Asia” area of the archipelago of 300 islands after being selected as one of the exclusive group of investors invited to invest in The World.
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