In pursuance of the resolution adopted by the Arab Economic Unity Council in its Ordinary Session held on June 10, 1974, it was decided to establish an Arab Mining Company (ARMICO) ; the objective of this company is to consolidate the Arab Economic relations on basis of fruitful and constructive cooperation realizing the importance of utilizing the mineral resources in economically diversified investments in productive and development projects, due to their role in consolidating economic integration among the member states and to enhance the momentum of development in these states. The current total investment portfolio value of Arab Mining Company exceeds 1.5 billion USD. Current Investments include: - Arab Potash Company (Jordan) - Gulf Stone (Oman) - Socie'te' National Industrielle Et Minitere (Mauritania) - Industries Chimiques Du Fluor (Tunisia) - Jordan Abyad Fertilizers & Chemicals Company (Jordan) - Stocks and Bonds - Others