Amman, July 22 (Petra) -- The planned expansion of the Jordan India Fertilizer Company (JIFCO), valued at about $1 billion, is one of the largest industrial investments in Jordan's fertilizer sector, said Abdel Wahab Rowad, chief executive officer of Jordan Phosphate Mines Company.

In a press statement, Rowad, who also chairs the project's technical committee, pointed out that the project reflects the company's strategic approach to maximizing the added value of Jordanian phosphate and increasing the contribution of downstream industries to the national economy.

Rowad said the technical committee continues to hold meetings with experts and representatives of international companies specializing in the construction and expansion of sulfuric acid and phosphoric acid plants.

He said the committee reviewed engineering and technical designs, the implementation schedule, working methodology and requirements for upcoming phases to ensure the project is executed in line with the highest international standards and global best practices.

Rowad said the expansion is expected to increase the JIFCO's phosphoric acid production capacity to 1 million tons annually while boosting output of phosphate fertilizers and other value-added products, strengthening the competitiveness of Jordanian exports and meeting growing global demand for fertilizers.

He added that the project will increase annual consumption of Jordanian phosphate by more than 2 million tons, supporting mining and production activities, stimulating supply chains and logistics services, and generating broader economic benefits across industries linked to the mining sector.

He said the expansion also aligns with the Economic Modernization Vision by transforming raw phosphate into value-added downstream products.

Rowad stressed that the technical committee's ongoing meetings are focused on ensuring thorough engineering and technical preparation to facilitate efficient implementation throughout all phases of the project while promoting operational efficiency, sustainability, and long-term investment success.

He said the project represents a model for industrial and investment partnerships that maximize the value of Jordan's natural resources, reinforce the Kingdom's position as a regional hub for phosphate fertilizer production, support exports, attract quality investments, and advance economic development.

//Petra// NQ