New Delhi, Feb 8 (UNI) World's leading Morocco based phosphate company OCP today said it is now open to foreign direct investment, from countries like India for its integrated facility, the Jorf Phosphate Hub (JPH), located at Jorf-Lasfar.
''This new FDI opportunity offers investors from key global markets long-term access to the highest quality phosphate rock reserves. This integrated facility delivers all the facilities and specific infrastructure especially required to service the global phosphate and chemical industry'', said company CEO Mostafa Terrab.
The FDI window is expected to be of special interest to investors from major phosphate buying regions such as the European Union, India, Brazil, US and Pakistan, the company said in a statement.
The JPH hub offers an integrated plug-and-play environment with world class, ready infrastructure at the Jorf-Lasfar chemical platform. The access to a deep draft integrated Jorf port-site facility that can accommodate vessels up to 100.000 MT is another major positive.
The company manages one the world's largest, integrated phosphoric acid and fertiliser production complex and is ranked the first exporter. With a turnover of 2.18 billion dollars in 2006, it accounted for 15.6 per cent of the Morocco's exports or 3per cent of GDP.
In the next five- year the company plans to make an investment of over 2.5 billion dollars, the statement added.
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