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- Arab Potash Project
Arab Potash Project
Jordan
| Borrower | Jordan |
| Financing Type | Public Sector |
| Instrument | Project Loan |
| Focus Area | Industry |
| Approved | 27.07.1978 |
| Signed | 02.10.1978 |
| Status | Completed |
| Loan Administrator | KFAED |
| Executing Agency | Arab Potash Company |
| Co-financiers | KFAED, AFESD, Libya, USAID, IBRD, Others , Government |
| OPEC Fund Contribution (US$m) | 7.00 |
| Total Project Cost (US$m) | 424.60 |
Potash is one of the major natural resources available to Jordan. It is found in the Dead Sea brine which is also rich in minerals and salts. The project will aim for an annual output of 1.2 million tons of potash to be extracted by solar evaporation. The investment involved makes it the largest industrial undertaking in Jordan. The export potential is high. The works include solar evaporation ponds, a refinery and a township initially for construction staff and later for the permanent workforce. The economic rate of return is estimated at 12.5%. Benefits will accrue in the form of foreign exchange earnings, fiscal revenues to the government and job creation.