A delegation representing the Arab Investment & Agricultural Development Authority is scheduled to arrive in Egypt to visit the site of the Arab Fruit & Vegetable Refrigerating, Drying and Storing Company.
The Authority has invested seven million Egyptian pounds ($1.8 million) of the total EP 28 million in paid-up capital of this company, reported Al-Sharq Al-Awsat daily.
One of the authority’s main goals is to encourage inter-Arab agricultural cooperation. The organization facilitates gatherings in which participants can exchange know-how, and consider investment opportunities. The authority’s capital was estimated at $ 450 million for the year 2000. ― (MENA Report)
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