PROJECT

Projects

Summary of Investment Information

Project Number

45101

Company Name

IDEAL DEVELOPMENT FOR MANUFACTURING INDUSTRIES

Date SPI Disclosed

Jul 18, 2024

Country

Jordan

Region

Middle East

Projected Board Date

Sep 15, 2024

Environmental Category

B - Limited

Status

Hold

Last Updated Date

Mar 27, 2026

Department

Regional Industry MAS MCT

Industry

Manufacturing

Previous Events

Approved : Sep 30, 2024

Sector

Phosphatic Fertilizer

Project Description

Ideal Development for Manufacturing Industries (“IDMI”, the “Company”, the “Client”) is a special purpose company established in 2021 to develop a minimum 2 million tons per annum (mtpa) greenfield phosphate rock beneficiation plant in Eshidiya, Jordan on a Build-Own-Operate-Transfer (BOOT) basis (the Project). IDMI won its rights in a 2020 tender and signed its BOOT contract with Jordan Phosphates Mines Company (JPMC or the Off-taker), where JPMC is the sole off-taker of the final product.

Associated Advisory Engagement

As a special purpose company established explicitly for the Project by shareholders with limited Environmental, Social, and Governance (ESG) experience and capacity. As such, IFC proposed an ESG advisory program.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation