Sharkawi Hefni: Jordan invests $80 in new paper factory
Egypt-Jordan, Economics, 3/7/2005

"A Jordanian investment of $80 million will be channeled into setting up a new paper production factory in Egypt.

About 80 percent of the produce will be exported, Chairman of the Trade Representation Agency Sharkawi Hefni, stressed that both President Hosni Mubarak and king Abdullah II of Jordan were eager to see all obstacles hindering joint trade projects removed so as to promote economic activity between the two states.

This was announced yesterday during a meeting of the Egyptian-Jordanian Business Council at the premises of the Egyptian Businessmen Association (EBA).

During the meeting, Hefni stated that Egyptian exports to Jordan have increased by 153 percent to reach $100 million in 2004, noting that there are 61 economic accords, protocols and memorandum of understanding related to Egyptian-Jordanian trade.

EBA Chairman, Gamal el-Nazer, noted that Jordanian investments in Egypt had risen to LE 675 million. Egyptian investments in Jordan reached $121 million in the sectors of tourism, agriculture and industry.

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  Egypt, Jordan to set up customs- clearance zone in Nuweiba   (5/1/2004)

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