Jordan, Egypt to establish council for investment coordination

AMMAN — Jordan and Egypt on Wednesday signed a memorandum of understanding to establish a council for investment coordination between the two countries, the Jordan News Agency, Petra, reported.

During the signing ceremony, State Minister for Investment Affairs Muhannad Shehadeh said that the memo aims to create an institutional framework to enhance bilateral investments and relevant exchange of information. Shehadeh, who is also president of the Jordan Investment Commission (JIC), said that the council will comprise of Jordanian and Egyptian businesspeople who will be chosen by the Egyptian ministry of international cooperation and investment and the JIC.