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Mining company from Jordan shows interest in cooperation with the sector in Bulgaria

Photo: mi.government.bg

One of the largest Jordanian companies in the mining industry is interested in a partnership with the mining sector in Bulgaria. The Chairman of the Board of Directors of the company and former Deputy Prime Minister of the country, Mohammad Thneibat, visited Bulgaria to study investment opportunities.‎

At a meeting with the Bulgarian Minister of Economy, Nikola Stoyanov, specific opportunities for joint projects between the two countries were discussed, which would further contribute to deepening the commercial and economic relations between Europe and the Middle East. 

Bulgaria "has a very developed mining and processing industry, and I am confident that here you will find suitable partners, competitive at the world level", Minister Stoyanov pointed out. Mohammad Tneibad has invited a Bulgarian business delegation to visit Jordan, as well as to start work on the idea of a joint investment in fertilizer production facilities. ‎

The Jordanian company is the second largest exporter and the sixth largest producer of phosphate in the world, with a production capacity of over 7 million tonnes of phosphate per year. The Hashemite Kingdom has the fifth largest phosphate reserves in the world - 3.7 billion tonnes, of which 1.25 billion tonnes are the stocks available to the specific producer.‎

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Radio Bulgaria Economy    economy minister fertilizer Hashemite Kingdom Jordan Jordanian mining mining company Nikola Stoyanov phosphates

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