September 16, 2008

Jordan Hopes for More Investment From China

Jordan hopes for more investment from China

BEIJING, Sept. 15 (Xinhua) -- Jordan hoped to see further development of business ties with China, visiting Jordan Investment Board (JIB) Chief Executive Officer Maen Nsour said on Monday.

Jordan would create better business environment and investment opportunities to attract Chinese companies' investment in the industries such as water, energy, electronics, pharmacy, automobile and IT, he said.

The country was seeking Chinese partners in a variety of projects including the Red Sea-Dead Sea Canal, Aqaba Port Relocation and Development, Jordan Railway Master Plan and the upgrading and expansion of Jordan Petroleum Refinery.

According to JIB, the trade volume between Jordan and China had risen from 487 million U.S. dollars in 2003 to 1.3 billion U.S. dollars in 2007.

Jordan's major exports to China were leather, agricultural and chemical products while the country imported plastic and rubber, metals, garments and electronic products from China.

(c) 2008 Xinhua News Agency - CEIS. Provided by ProQuest LLC. All rights Reserved.