Jordan’s total investment in Egypt amounts to $2 billion through 1,117 companies working in the fields of industry, finance, services, agriculture, construction, communications, information technology and tourism, The Jordan Times reported Monday (October 1st).
Minister of State for Investment Affairs Muhannad Shehadeh revealed these figures as he inaugurated the Jordan-Egypt Investment Forum, organised by the Jordan Businessmen Association in Amman.
The value of Egyptian investments benefitting from the investment law in Jordan amounts to $1 billion through 499 companies working in services, investment, commerce, tourism, industry, finance and banking sectors.
President of the Jordan Businessmen Association Hamdi Tabbaa noted in his remarks that the Jordanian private sector is still waiting for the implementation of the Higher Jordanian Egyptian Committee’s decision to grant a 50% discount on Suez Canal fees to Jordanian exports and imports.
Tabbaa called for real efforts to enhance co-operation and increase trade exchange between the two countries’ private sectors.
Jordanian exports to Egypt reached 80 million Jordanian dinars ($112 million) last year, whereas imports stood at 336 million dinars ($473 million).
