Amman, Feb 9 (Petra) — Prime Minister Abdullah Ensour was briefed by Iraq’s and Egypt’s transport ministers on a meeting of the Arab Bridge Maritime Co. held in Amman to endorse the joint venture’s 2012 budget and its next agenda.
During his meeting with the ministers, Hatem Abdullatif of Egypt and Hadi Al Amiri of Iraq, Ensour said AB Maritime, a joint venture between the governments of Jordan, Iraq and Egypt, is a major success story and "bright spot in pan-Arab cooperation."
He spoke about the Aqaba-based company’s key role in promoting trade and the flow of goods between Arab countries in the west and East as well as propping up growth in the port of Aqaba.
The Prime Minister, just back from an Islamic summit in Cairo at the weekend, briefed the ministers on a meeting he had on the periphery of the gathering with his Egyptian and Iraqi counterparts during which they discussed transport ties among other matters.
During the meeting, attended by Minister of Energy and Mineral resources and Transport Minister Alaa Batayneh, Ensour called for finding wider economic bonds among Arab countries towards integration "in a way to serve joint Arab interests", stressing the need for stronger transit and deregulated border commerce among Arab states.
AB Maritime was founded in November 1985 with a paid-up capital of $6 million distributed equally between the three partner governments. The capital was increased from profits several times to become $81 million in 2011.