Jordanian Indian Fertilisers Co. starts operations at industrial zone in Shidiyeh

By Petra - Dec 01,2014 - Last updated at Dec 01,2014

AMMAN — The Jordanian Indian Fertilisers Company (JIFCO) on Monday announced the start of the operational phase at its industrial zone in Shidiyeh, which was established at a cost of $860 million.

The zone includes two factories: one to produce phosphoric acid and the other to manufacture sulfuric acid, in addition to other facilities.

JIFCO Chairman Amer Majali said the project was funded by the European Investment Bank and an agency affiliated with the International Monetary Fund.

He noted that around 500,000 metric tonnes of phosphoric acid are expected to be produced at the zone and to be exported to other countries, namely India, with revenues projected to reach $325 million. A total of 300 Jordanians are working at the zone.

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