Amman, June 15 (Petra) — Jordan Phosphate Mines Company (JPMC) and
Uzbekistan have discussed opportunities to expand economic
cooperation through potential joint investments in the phosphate
fertilizer industry, as part of efforts to strengthen industrial
partnerships between the two countries.

The discussions took place during a meeting in Tashkent between JPMC
Chairman Mohammad Thneibat and Uzbekistan’s Minister of Investment
Laziz Kudratov, where both sides reviewed prospects for enhancing
bilateral cooperation in phosphate-based industries and related
sectors.

According to a company statement issued Monday, the two officials
stressed the importance of building on existing relations and
exploring new avenues for economic and investment collaboration that
serve the mutual interests of both countries.

The talks focused on the possibility of establishing joint phosphate
fertilizer projects, with the two sides agreeing to initiate
specialized technical discussions and conduct economic and technical
feasibility studies.

The proposed studies will assess project viability, identify suitable
locations and examine opportunities to leverage the comparative
advantages of both countries, particularly in terms of raw material
availability and quality.

Kudratov expressed Uzbekistan’s readiness to support the proposed
projects through the provision of ammonia, natural gas and sulfur at
preferential prices, a move expected to enhance economic feasibility
and improve investment prospects.

The parties agreed that technical teams from both sides will begin
work in Amman during the first half of next month to undertake the
necessary studies and review their findings at a follow-up meeting
later in the month.

Both sides reaffirmed their commitment to facilitating the success of
the proposed cooperation and maintaining close coordination
throughout the technical and planning stages.

During the meeting, Thneibat invited the Uzbek minister to visit
Jordan and review the phosphate fertilizer industry and production
facilities operated by JPMC.

Kudratov welcomed the invitation and expressed his willingness to
continue discussions regarding the implementation of potential joint
investment projects.

In a separate meeting, Thneibat also held talks with OzkimyoSanoat
Chairman Temirov Odil on opportunities for cooperation and the
establishment of joint ventures in fertilizer production and other
phosphate-related industries.

The discussions reflect growing efforts to expand industrial
cooperation and explore new investment opportunities in sectors of
mutual economic interest.

//Petra// RZ