Morocco’s giant phosphate maker OCP plans to increase phosphoric acid capacity in 2013 to utilize its excess granulation capability. The African Development Bank has loaned US$ 250 million (193 million euros) to help development in Morocco’s phosphate industry, which accounts for nearly a third of exports. The funds will pay for the construction of an industrial platform at Jorf Lasfar (south of Rabat), which will eventually accommodate several chemical complexes in order to increase capacity for the local transformation of phosphate into phosphoric acid and fertilizer. Exports of phosphates and derived products account for almost a third of Morocco’s international sales. These exports in 2011 increased by 31.8 percent, for a total turnover of about five billion euros. The OCP employs more than 20,000 people.