Jordan, Danantara Explore Deeper Phosphate Partnership in Jakarta
Jakarta. Jordan’s King Abdullah II will wrap up his visit to Indonesia on Saturday with a key meeting with sovereign wealth fund Danantara, where both sides are expected to explore expanded cooperation in strategic commodities, particularly phosphate.
Foreign Minister Sugiono said the discussion aims to strengthen long-term economic collaboration at a time when phosphate supply chains and fertilizer security are becoming increasingly important for Indonesia.
“In the economic sector, His Majesty will meet with Danantara to discuss more intensive cooperation across several fields, especially phosphate commodities,” Sugiono told reporters at the Merdeka Palace on Friday.
Phosphate is one of Jordan’s most important exports, anchored by the Jordan Phosphate Mines Company (JPMC), a major global producer with operations spanning mining and fertilizer manufacturing. According to the company, Jordan ranks fifth worldwide in phosphate reserves. JPMC is in the middle of an expansion phase, planning to invest JD 1.27 billion (about $1.8 billion) in phosphate-related projects through 2030. Its current development pipeline includes a new flotation plant in Shaidiya capable of producing 2 million tonnes a year, while downstream output continues to grow.
Indonesia, meanwhile, is one of the largest fertilizer consumers in Southeast Asia and relies on imported phosphate to support its agriculture sector. In 2023, Indonesia imported $262.83 million worth of goods from Jordan, of which fertilizers represented a significant share at $123.69 million.
President Prabowo Subianto has recently made fertilizer security a national priority. His administration is revitalizing state-owned fertilizer plants to boost production efficiency, reduce distribution costs, and stabilize supply for farmers. In October, Prabowo cut fertilizer prices by 20 percent as part of his broader push for food self-sufficiency, a policy shift that increases Indonesia’s need for reliable upstream phosphate partnerships.
King Abdullah II will attend the Saturday meeting along with a delegation from the Hashemite Kingdom of Jordan. President Prabowo will not join the discussion but is scheduled to escort the King to Halim Perdanakusumah Airport afterward.
Beyond the economic agenda, Sugiono said that Indonesia and Jordan have also agreed to enhance cooperation in defense and security. The two countries already run joint military training programs, which both sides intend to expand.
“Indonesia and Jordan have been conducting training programs, and I believe this relationship will continue to grow,” the foreign minister said.
Related Articles
Indonesia Targets Integrated Textile Industry with Rp 100 Trillion Investment
The initiative is part of a broader strategy to consolidate existing manufacturers and strengthen their competitiveness.Danantara to Form Joint Investment Fund with Egypt
Danantara has yet to issue a statement on this, but a joint statement showed it had been in talks with the Future of Egypt agency.Danantara to Follow OJK Rules on IDX Ownership
Danantara says that it is still deliberating on the decision, but will follow OJK rules if it decides to acquire IDX stake.Garuda Indonesia Names Thomas Oentoro as New CEO
Garuda Indonesia appoints Thomas Oentoro as CEO as the airline’s revenue grows and losses narrow, despite renewed negative equity.Danantara Plans New Committee to Prevent Overinvestment
Danantara has floated plans to establish a committee meant to make sure that SOEs are making the right investment decision.Danantara Defends Overdue Financial Statement
Danantara says that cross-checking the figures across 1,074 companies takes time.Some State Companies Set for 2027 IPO: Danantara
The last SOE to go public was Pertamina Geothermal Energy back in 2023.Danantara Invests $250 Million in US Oil Producer
Danantara announced that it would invest $250 million investment in the Texas-based HighPeak Energy, which operates Permian Basin.Danantara Yet to Decide on Funding for Used Train Imports from Japan
Danantara has yet to decide whether to fund KAI’s plan to import used Japanese trains as it weighs costs, benefits and domestic capacity.Danantara, France’s Thales Ink MoU on AI and Defense Investment
The inked document between Danantara and Thales remains an "initial framework" as actual investments will be subject to further evaluations.The Latest
Prabowo Calls Meeting on Forest Fires as Haze Reaches Jakarta, Singapore
Prabowo summons senior officials to discuss forest fires as smoke reaches Jakarta and Malaysia pushes for regional action.Jakarta Outranks Amsterdam in Global Public Transport Survey
Jakarta climbs two places to 15th in Time Out's 2026 public transport survey, with its governor citing better network integration.MSCI Concerns, Tighter IDX Trading Rules Send Indonesian Stocks Down 5% by Midday
Indonesian stocks plunge 5% by midday as MSCI concerns weigh on sentiment and the IDX tightens its daily downside limit to 7%.Jakarta Prepares 367 Health Facilities as Haze Reaches the Capital
Jakarta prepares 367 health facilities to treat potential haze-related illnesses after smoke from Sumatra and Kalimantan crosses the region.Jakarta Expands Flood Prevention With New Water Storage Ponds
Jakarta opens two East Jakarta water storage ponds as it expands flood prevention efforts through reservoirs and river normalization.Most Popular
