Prime minister praises Phosphate Company's allocation of JD40 million to support health, education sector

AMMAN — Prime Minister Jafar Hassan praised the Jordan Phosphate Mines Company's (JPMC) initiative allocate JD40 million within its social corporate responsibility  to support the health and education sectors over the next three years. 

JPMC;s gesture came after last week's initiative by the Jordanian Banks Association to allocate JD90 million for the same purpose.

During an Iftar event organised by the company on Sunday to announce the initiative, attended by representatives from the private sector, Hassan underlined the importance of JPMC's initiative in the context of its social responsibility, commending the company's ongoing developmental and charitable support. "The company represents a significant milestone in the history of the mining industries in Jordan," according to a Prime Ministry statement. 

The prime minister stressed that social responsibility is not about collecting donations, providing grants, or charity work, "rather, it is developmental policies that establish sustainable partnerships, achieve priorities, and address current challenges."

"It is the other side of the real partnership triangle between the private sector, public sector, and local communities."

He also emphasised that "social responsibility is not a temporary effort or a reaction to exceptional circumstances, but an "ongoing approach and policy and a national policy to ensure that our efforts remain focused on goals and priorities."

Hassan thanked the private sector for its contributions to supporting developmental efforts in many areas, expressing hope that other private sector institutions will take similar and active steps within the framework of institutional partnership and national priorities. "We are  all partners in development and modernisation efforts."

He also praised the phosphate company’s continued success in line with the economic modernisation vision, to improve the mining sector, diversify options, expand and localise manufacturing industries to face price fluctuations, and its focus on seizing available opportunities and promising investments. 

The prime minister highlighted the role of the company in the national economy and its initiatives within the framework of social responsibility to support local communities. "It is one of the largest contributors in this field."

PMC Chairman Mohammad Thneibat affirmed the company's commitment to its national developmental and social role as a partner with state institutions to contribute to the nation's progress.

He  said that the company aided government’s efforts in 2020 during the COVID-19 pandemic by donating 30 per cent of its net profits for the year 2019.

He also said that a special bank account would be opened at the Central Bank of Jordan for the JD40 million donation to be spent on development projects based on well-defined executive programmes and timetables.

He added that the new support would not affect the company's other social responsibilities, which amounted to JD24 million in 2024 and reached JD84 million over the past six years.