Morocco:OCP, Jacobs Engineering create joint venture

The US construction company, Jacobs Engineering Group, and Morocco’s Office Cherifien des Phosphates (OCP) have signed an agreement to create an engineering joint venture, the OCP declared.

As part of this agreement, the new company, called JESA, will provide OCP with world-class tools to support its industrial and expansion strategy, mainly its USD 5 billion investment program.

“By associating with the leader of the phosphate industry and combining our energies and joint expertise, we build a stronger partnership for our mutual benefit in a promising sector,” said Jacobs’ Chairman Mr. Noel Watson in a press release.

Equally owned by the two companies, the joint venture will deploy a combination of engineering, project management and construction management resources, said a press release of the American company.

JESA will mainly contribute to the implementation of the necessary infrastructure elements for the development of the Jorf Lasfar Phosphate Hub (JPH), besides other things.

“This joint venture is an important milestone for OCP in realizing its short and medium-term investment objectives by providing engineering and other services for the group’s projects in Morocco and at the international level,” OCP’s CEO Mostafa Terrab stressed…read more

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