Jordanian investors eye Egypt opportunities, boosting trade

CAIRO – 10 June 2017: “Jordanian investors are eyeing investing in telecommunication, information technology, infrastructure and agriculture sectors in Egypt,” Jordan’s ambassador to Cairo Ali Ayed said Saturday.

At a meeting with Minister of Investment Sahar Nasr, Ayed discussed means of boosting bilateral trade between Egypt and Jordan, especially in the small and medium enterprises sector, a ministry statement said.

Ayed and Nasr reviewed the latest preparations for the Egyptian-Jordanian Supreme Committee meeting to take place Jul 10 - 13 in Amman. The meeting will be headed by the prime ministers of both countries.

A number of agreements will be signed during the committee meetings, which will be followed by a ministerial meeting between Nasr and the Jordanian Ministry of Trade, Supply and Industry.

Offering unprecedented guarantees and incentives to investors, the House of Representatives approved in early May the long-awaited new investment law, which is expected to facilitate business procedures and accelerate arbitration in business disputes.