Thneibat discusses with the Uzbek Minister of Investment opportunities to establish joint projects in the phosphate fertilizer industry

The two sides affirmed the depth of Jordanian-Uzbek relations and their keenness to develop them, build upon what has been achieved, and expand investment opportunities and industrial cooperation between the two countries, especially in the field of the phosphate fertilizer industry.

Dr. Thneibat stressed that the Jordan Phosphate Mines Company, in line with the Royal vision to enhance investment and openness to global markets, is proceeding to diversify its strategic partnerships, consolidate its presence, and enhance its competitiveness in the global fertilizer market, in addition to expanding into downstream industries and maximizing the added value of mineral resources.

He added that the company's accumulated expertise and advanced production and technical capabilities form a solid foundation for developing industrial and investment partnerships and establishing joint projects that contribute to enhancing the added value of the mining sector and supporting the economic interests of both countries.

Dr. Thneibat expressed the readiness of the Jordan Phosphate Mines Company to provide the Uzbek side with the necessary technical and professional expertise, and to benefit from the capabilities available to both sides to establish joint projects in the phosphate fertilizer industry, in a way that enhances the industrial and investment partnership between the two countries.

Dr. Thneibat described the meeting as fruitful, stressing the importance of building on its outcomes to deepen cooperation between the two sides in establishing joint industries and expanding the horizons of partnership to achieve the mutual interests of Jordan and Uzbekistan.

For his part, the Uzbek Minister of Investment, Industry and Trade, Laziz Kudratov, affirmed his country's pride in the relations it shares with Jordan and its keenness to develop them to serve the interests of the two friendly countries and peoples, praising the advanced level the Kingdom has reached in the mining sector and the expertise possessed by the Jordan Phosphate Mines Company in phosphate extraction and the phosphate fertilizer industry.

Kudratov reviewed his country's experience in the mining sector, the opportunities available for developing investments in it, and the potential this sector possesses to enhance industrial and investment cooperation between the two countries.

He stressed the importance of enhancing cooperation with the Jordan Phosphate Mines Company and benefiting from its accumulated expertise and technical and production capabilities in the phosphate fertilizer industry, in a way that contributes to developing this industry, exchanging expertise and experiences, and opening broader horizons for establishing joint investment and industrial projects that meet the needs of the Uzbek market and achieve the mutual interests of the two friendly countries.

The two sides agreed to establish a factory for the production of phosphate feed additives in Uzbekistan and to send an Uzbek technical delegation to the Jordan Phosphate Mines Company next week to discuss the technical requirements necessary for establishing the factory.

They also discussed opportunities to establish joint investment projects in the phosphate fertilizer industry and to benefit from the capabilities available to both countries, including the availability of sulfur, ammonia, and gas in Uzbekistan, in addition to conducting joint studies to identify future investment opportunities in Jordan and Uzbekistan.

Engineer Al-Rawad presented the company's current status, the achievements it has made, its strategic plans, investment projects, stages of development, and its vision for expanding into downstream industries, developing its operational processes, and growing its strategic partnerships at the regional and international levels.

The visit of the Minister of Investment, Industry and Trade of the Republic of Uzbekistan and the accompanying delegation to the Jordan Phosphate Mines Company comes based on an official invitation extended by its Chairman, Dr. Mohammad Thneibat, to the Uzbek Minister, and as a continuation of the discussions held by the two sides in the Uzbek capital, Tashkent, last June, and within the framework of their keenness to expand the horizons of cooperation and benefit from the investment opportunities available in the two friendly countries.