The loan will fund construction work and repair of facilities at the port of Jorf Lasfar, OCP said in statement on Wednesday.
The company uses the port for export and import traffic, which will increase as OCP, one of the world’s biggest exporters of phosphates and derivatives, boosts its production capacity.
OCP plans to raise its annual output of fertilisers to 10 million tonnes by 2020 from 3.6 million, as it bets on a rapid increase in global demand, the company said early last year.
