The Industrial Ports Company achieves the highest financial results in 2020 since its establishment
M. Al-Rowwad: (10) million JD, royalties’ income was JIPC`s share to the state treasury last year.
Dr. Nsour: "Industrial Ports" will play an important role in enabling Jordanian companies that use their facilities to raise their export competitiveness and thus the Kingdom's ability to export
Eng. Shihadeh: "Industrial Ports" achieved the highest net profit since its establishment, with an increase of 29% over 2019
Aqaba 8 February 2021
The Jordanian Industrial Ports Company announced that it achieved positive financial results in 2020, despite the exceptional circumstances that the national economy has experienced, affected by the Corona pandemic and the accompanying negative repercussions on all economic activities.
The Chairman of the Board of Directors of the Industrial Ports Company, and the CEO of the Jordan Phosphate Mines Company, Engineer Abdul Wahab Al-Rawad, expressed his pride in the results achieved by the company last year, which witnessed an unprecedented health crisis that cast a heavy shadow on the economies of all countries of the world and various commercial activities, praising the decisions of the Jordanian government during the pandemic; Excluding port activities from the curfew as it is one of the vital facilities and a strategic outlet for import and export operations.
Al-Rawad indicated that the industrial port is a vital port for importing and exporting bulk industrial materials that are included in the dry fertilizer and phosphoric acid industries, which have become a tributary of the Jordanian national economy, and that the decision to continue working in it, reduced the size of the losses incurred by the national economy as a result of the pandemic, pointing to the total revenues of royalty fees received by state treasury amounted to (10) million dinars last year (the highest that has been supplied since the establishment of the company), in addition to tax revenues and other fees, he also pointed out to the two largest shipments that were exported through the industrial port to the United States of America, which was loaded with DAP fertilizer, in addition to the shipment issued to the Republic of China, which was loaded with Potash.
For his part, the Vice Chairman of the Board of Directors of the Jordan Industrial Ports Company and the CEO of the Arab Potash Company, Dr. Maen Al-Nsour, indicated that the "industrial ports" will play an important role in enabling Jordanian companies that use their facilities to raise their export competitiveness and thus the Kingdom's ability to export, adding that its business in turn, is reflected on the parent companies, (Arab potash and Jordanian phosphate mines), in terms of reducing shipping costs, enabling the two companies to fulfill their obligations and contracts with their customers, in addition to enhancing the company's products access to new global markets.
Dr. Nsour pointed out that the management’s decision in the Arab Potash Company, which included investing in the development of ports and increasing the handling capacity at the export berth in Aqaba, contributed to raising the port’s capacity and raising the quality of handling, pointing out that “Arab Potash” succeeded in December of Last year, in exporting the largest shipment of potash fertilizer in the history of the Jordanian fertilizer sector to China on board the largest ship received by the new northern port in the industrial port in the city of Aqaba.
In turn, the General Manager of the Jordan Industrial Ports Company, Eng. Khaled Shihadeh, said that the company, despite the uncertainty experienced by the global economy as a result of the Corona pandemic, was able to achieve positive financial results that are the highest since its establishment, as the revenues of “industrial ports” increased in 2020. By 19%, and the highest net profit at 29%, handling more than (5) million metric tons of dry and liquid bulk material.
Eng. Shihadeh stated that the Industrial Ports Company succeeded in operating most of the handling systems in the industrial port for the first time last year since the beginning of the rehabilitation, which contributed to enhancing the capabilities of the industrial port to receive ships with a load of (100,000) metric tons, which is reflected on the users of the port in the group, benefiting them in reducing sea freight costs, in addition to enabling them to match the specifications of many global markets in terms of ensuring product quality and goods safety.
Shihadeh elaborated that the Industrial Ports Company attaches the utmost importance to its employees as they are an essential pillar of its business, so last year it held more than (45) training courses to develop and enhance the capabilities of these employees. He also referred to the active role that the company plays in the development of the local community.
It is noteworthy that the Jordan Industrial Ports Company is equally owned by the Arab Potash Company and the Jordan Phosphate Mines Company, with a capital of (140) million Jordanian dinars. Raising its capability from (5) million tons to (10) million tons annually, with raising the quality and efficiency of handling to reach (4000) tons / hour compared to not exceeding (1000) tons / hour for dry bulk materials, in addition to developing public safety, occupational health and environment systems.
It should be noted also that the Jordan Industrial Ports Company, which was established in 2009 in the southern industrial area of the Gulf of Aqaba, has obtained prestigious international certificates in accreditation in management and quality (ISO9001 & ISO14001 & ISO45001).