With an investment value exceeding $2 billion, industrial agreements have been signed between the companies of the UAE, Egypt, Jordan, and Bahrain. The contracts were inked during the Industrial Partnership for Sustainable Economic Development’s third higher committee meeting.
On Sunday, February 26, 2023, the meeting started in Amman in the presence of Dr. Sultan bin Ahmed Al Jaber, who is the Minister of Industry and Advanced Technology of the UAE, and the UAE’s special envoy on climate change, Ahmed Samir Saleh, who is the Minister of Industry and Trade of Egypt, the Jordanian Minister of Industry, Trade, and Supply, Yousef Al Shamali, and the Bahraini Minister of Industry and Commerce, Abdulla Adel Fakhro.
Twelve agreements were signed in the meeting across nine industrial projects. The upcoming projects are expected to produce approximately 13000 job opportunities and enhance the national GDP of the partnering nations, which will be more than $1.6 billion. The signing ceremony of the partnership agreements was attended by the Prime Minister of Jordan, Dr. Bisher Al Khasawneh, along with the industrial ministers from the four countries.
Dr. Al Khasawneh met with the ministers from the partner countries and stressed the significance of this partnership in ameliorating the bilateral relationship and economic development. He also talked about the importance of the role of the industrial sector in participating countries.
Dr. Al Jaber said that they are grateful to His Majesty King Abdullah for his continuous support in UAE-Jordanian relations and also thanked him for his support of the Integrated Industrial Partnership for Sustainable Economic Development. Dr. Al Jaber was grateful and thanked the government of Jordan and its people for their warm hospitality in hosting the third meeting of the Higher Committee for the Integrated Industrial Partnership for Sustainable Economic Development.
Dr. Al Jaber went on to say that they are eager to collaborate and finish regional efforts in order to achieve integrated sustainable economic development. The UAE is fully committed to enhancing collaboration with its partner countries to ensure that all will benefit from each other’s competitive advantages and potentialities.
Jordan’s Minister of Industry, Trade, and Supply, Al Shamali, said that since the launch of this partnership, they have witnessed a multifaceted boom that indicates the start of a profound and sustainable transformation in the relationship between their industrial sectors. The first aspect of this shift was displayed in the economic discourse that was adopted by the officials and media. They highlighted the beneficiary effects that the countries will reap while pursuing industrial integration. The top political echelons of the four countries are leading this comprehensive Arab endeavor.
Egypt’s Minister of Industry and Trade, Eng. Ahmed Samir Saleh underlined the commitment of Egypt to enhance the multilateral efforts with the UAE, Jordan, and Bahrain to improve industrial integration among the Arab countries and support relations in the economic sector.
Bahrain’s Minister of Industry and Commerce, Abdulla bin Adel Fakhro, said that the partnership with the countries offers a great opportunity to ameliorate the efficiency of supply chains with the help of the integration of industries in the region, which is the pillar of industrial strategy in Bahrain.