Amman: Chairman of Arab Potash Company (APC), Shehada Abu Hdeib, emphasized the company's significant role in Jordan's economy by announcing it has contributed over JD1.1 billion to the state treasury since 2019. Abu Hdeib described the company as a "comprehensive national success story," highlighting its evolution into a leading industrial and development model in the region.
According to Jordan News Agency, Abu Hdeib shared these insights during a dialogue session organized by the Amman Future Dialogues Group, also attended by APC CEO, Dr. Maan Nsour. He noted the company has made substantial leaps in operational efficiency since 2019, strengthening its position as a major supplier of fertilizers to global markets, thereby contributing to global agricultural supply chains.
Abu Hdeib outlined APC's growth strategy for the fertilizer and derivative chemicals sector from 2024 to 2034, aligning with Jordan's Economic Modernization Vision. This strategy aims to boost Jordan's standing as a key source of fertilizer and chemical products on both regional and global scales. The roadmap is designed to integrate local production elements and develop complementary industries within Jordan, enhancing the sector's contribution to global food security.
Abu Hdeib highlighted APC's financial performance, completed projects, and future plans, detailing its advanced performance and long-term investment vision. He emphasized the company's societal role as a pillar of the national economy, aligning corporate plans with Jordan's strategic initiatives to consolidate its position as a regional center for advanced mining industries.
The chairman noted APC's efforts to strengthen its global presence and achieve integration with other national companies, particularly the Jordan Phosphate Mines Company. This will be achieved through joint ventures, including the production of phosphoric acid and specialized fertilizers, and an expansion project at the Jordan Bromine Company, with a total cost of $813 million.
In addition to financial contributions, Abu Hdeib highlighted APC's role in strengthening Jordan's foreign currency reserves by approximately $8.6 billion. He also mentioned the launch of the Research, Development, and Innovation Center in 2024, aimed at developing specialized potash products and derivative industries, increasing operational efficiency, and exploring opportunities in future industries.
Abu Hdeib also pointed out APC's commitment to social responsibility, with contributions exceeding JD66 million over the past five years in sustainable projects related to education, health, environment, infrastructure, and youth and women's empowerment. He emphasized the importance of local communities as partners in the sustainability of the production process and the crucial role of investing in human capital.