
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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