Tue, 23 Mar 2021 - 03:22 GMT
Jordanian flag – Wikimedia Commons
CAIRO – 23 March 2021: Egypt and Jordan have been holding a series of meetings to discuss economic bilateral relations. That is in addition to trilateral meetings with Iraq that are mainly focused on the electricity sector.
In the following, Egypt Today sheds light on joint Egyptian-Jordanian economic projects and activities.
The Arab Gas Pipeline was launched in 2001 to deliver natural gas from Egypt to Jordan, Syria, and Lebanon. The pipeline extends over 1,200 kilometers, and was built at a cost worth $1.2 billion. In 2019, Egypt's Edco Liquefaction Factory exported to Jordan through the Arab Gas Pipeline 3.64 billion cubic meters over 50 shipments. It is noted that both countries are members of the East Mediterranean Gas Organization headquartered in Cairo.
In September, Egypt, Jordan, and Iraq agreed to establish an electricity linkage and an oil pipeline. The capacity of the linkage will be 1,000 megawatts taking advantage of the different peak times in these countries.
The volume of trade exchange between Egypt, Jordon during the first 9 months of 2020 amounted to about $514 million, according to the International Cooperation Ministry.
The ministry stated that Jordan also ranked 24th among the countries that invested the most in Egypt with a portfolio encompassing 2,274 companies, until the end of December 2019.
Jordanian investments are mostly in the industrial and services sectors, followed by the construction, agricultural and tourism sectors.
On March 23, 2021, both countries signed an MoU for Jordan to get linked to the international submarine communications cables located in Egyptian waters and whose number amounts to 18.