AMMAN —
Economist and energy expert
Hashem Aqel called on the Ministry of Energy and
the Ministry of Investment to seize the chance and invest in Jordanian
phosphate industry amid the global shortage of fertilizers, according to Ammon
News.
اضافة اعلان
Aqel said that
Jordan should promote its phosphate and build new plants to produce fertilizers,
in cooperation with international specialized companies, seeing that there is
lack of fertilizers around the world.
He also pointed out
that Jordan lacks the regulating legislation and a marketing plan to launch
this project, expressing hope that a modern and attractive investment law will
be drawn up to eliminate all previous obstacles and speed up the
decision-making process.
Aqel said that the
hike in the prices of fertilizers, the sanctions imposed on Russia, which could
last for a long time, and the complexities that have occurred along the supply
chains led to a shortage in fertilizers and increased their prices, as well as
the prices of some chemicals that are made using phosphate.
Western countries
resort to markets where the mining sites have adequate infrastructure and
manpower, he said, stressing that Jordan is at the forefront of these countries
and in competition with other such countries, such as Tunisia and Morocco.
According to Aqel, Jordan needs mega investment projects to
solve part of the
unemployment issue and generate revenues for the Treasury,
indicating that investment in phosphate could be one of the most successful
projects in Jordan since all the elements needed for production are available,
including the raw material, manpower, and infrastructure.
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