Jordan, Egypt sign agreement to form investment coordination council

Egypt’s Minister of Investment and International Cooperation Sahar Nasr signed a cooperation agreement with Jordanian Minister of State for Investment Affairs Muhannad Shehadeh to set up a coordination council for investment cooperation between the two countries.

This came during the Joint Annual Meeting of the Arab Financial Institutions that kicked off late Tuesday on the shores of the Dead Sea in Jordan.

The agreement aims at establishing an effective regulatory framework that would help boost bilateral investment relations by fostering cooperation, sharing relevant information on investors and stakeholders and developing new initiatives that would help achieve mutual economic objectives.

The council will bring together a group of investors and businessmen from both counties to be selected by the Egyptian Ministry of Investment and International Cooperation and the Jordan Investment Commission, according to a statement released by the ministry.

The agreement provided for sharing information on investment-related policies and legislation, means of improving investment environment and investment opportunities in both countries, the Egyptian minister added.