Morocco's phosphate company to form joint venture with US Jacobs Engineering.Summary: Morocco's state-owned phosphate company Office Cherifien Des Phosphates Office Cherifien des Phosphates (OCP, Arabic: المكتب الشريف للفوسفاط) is the national Moroccan phosphates company. (OCP (processor) OCP - Order Code Processor. ) and American Construction services company Jacobs Engineering Group Jacobs Engineering Group Inc. (NYSE: JEC), a publicly traded company with annual revenues approaching $7 billion, provides professional technical services. Headquartered in Pasadena, CA, Jacobs offers support to industrial, commercial, and government clients across multiple Inc, announced on Wednesday in Pasadena (California) that they intend to form an engineering joint venture. Morocco's state-owned phosphate company Office Cherifien Des Phosphates (OCP) and American Construction services company Jacobs Engineering Group Inc, announced on Wednesday in Pasadena (California) that they intend to form an engineering joint venture. <p>AaAaAa During the initial phase, the joint venture will provide programme, project management, and engineering services for projects based on the OCP's $5 billion investment programme in Morocco, OCP said in a statement.AaAaAa Aa AaAaAa The same source said the joint venture will advance Jacobs expansion plans in the fertilizer industry and in the region. AaAaAa The joint venture is also expected to provide services to OCP and other companies in their phosphate engineering business activities worldwide. AaAaAa The two parties also intend to expand the capabilities of the joint venture to include infrastructure engineering services to keep up with the growing West African West Africa A region of western Africa between the Sahara Desert and the Gulf of Guinea. It was largely controlled by colonial powers until the 20th century. West African adj. & n. infrastructure market. Aa AaAaAa The new company will employ Jacobs engineering systems and tools and will be staffed by OCP and Jacobs, as well as local hires. It is also expected to operate before the end of 2009 and to employ over 200 people within a 12-month period. AaAaAa OCP Group CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Mostafa Terrab, welcomed this collaboration, saying it represents an important milestone for OCP in implementing its immediate and medium-term investment objectives. AaAaAa He underlined that the joint venture will promote the expertise of both companies in providing engineering and related services on phosphate projects outside Morocco as well as infrastructure projects in West Africa West Africa A region of western Africa between the Sahara Desert and the Gulf of Guinea. It was largely controlled by colonial powers until the 20th century. West African adj. & n. . AaAaAa For his part, Jacobs Chairman, Noel Watson, said the joint venture is a unique opportunity to support OCP's business goals and enhance the two companies' expertise in the field of fertilizers. AaAaAa OCP Group, headquartered in Casablanca, is a worldwide leader in the phosphate rock phosphate rock n. Any of various rocks composed largely of phosphate minerals, especially apatite, used as fertilizer and as a source of phosphorous compounds. and derivatives industry, while Jacobs is one of the world's largest and most diverse providers of technical, professional, and construction services. Copyright UMCI News Provided by Syndigate.info an Albawaba.com company |
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