CAIRO, Sept 6 (Asia Pulse) - Indonesian and Egyptian companies have agreedto build a factory here to process crude palm oil (CPO) from Indonesiainto finished products.A joint venture agreement was signed here Tuesday between PT MisrindoUsama Perindo of Indonesia and a local partner Degla Group for Investment.The joint venture company will produce cooking oil and butter for Egyptianmarket and for exports to other countries in Middle East and Africa.So far Egypt has imported most of its CPO requirement from Malaysia,Indonesia's rival in CPO exports.The US$5 million plant, which is 90 per cent owned by the Indonesianpartner, is expected to increase Indonesian exports of CPO to Middle Eastand Africa.