Ministers from the UAE, Egypt, Jordan, and Bahrain are set to sign various of agreements between industrial companies for projects worth millions of dollars.
The third meeting of the higher committee of the industrial partnership for sustainable economic development will take place in Jordan’s capital Amman, where representatives from the four countries will discuss the partnership’s latest developments as well as joint industrial projects, the UAE’s news agency WAM wrote in a report.
“The meeting will also result in a report and recommendations from the executive committee,” the WAM report said.
As per the report, Yousef Al Shamali, Jordan’s minister of Industry, trade, and supply and minister of labour, will chair the meeting with the participation of Dr Sultan bin Ahmed Al Jaber, UAE’s minister of industry and advanced technology; Ahmed Samir Saleh, Egypt’s minister of industry and trade; and Abdulla bin Adel Fakhro, Bahrain’s minister of industry and commerce.
Under the partnership, the member states will collaborate to grow their respective industrial sectors by integrating resources and industries and leveraging competitive advantages.
The countries will also work together to reduce costs, enhance supply chains, create job opportunities, contribute to economic development, promote self-sufficiency, and boost industrial competitiveness.
Various agreements will be signed between industrial companies from the UAE, Egypt, Jordan and Bahrain.
New projects will follow with investments worth hundreds of millions of dollars, the report said while adding that these investments will strengthen the partnership, empower the member nations’ respective industrial sectors, grow the sector’s contribution to GDP, bolster supply chains, reduce costs, and create new job opportunities.
The meetings of the supreme committee will be preceded by the meetings of the executive committee, on Saturday 25th February, with the participation of chairmen and members of the committee from the four countries, in addition to representatives of industrial companies from the UAE, Egypt, Jordan, and Bahrain.
The integrated industrial partnership for sustainable economic growth was launched in Abu Dhabi in May 2022 between the UAE, Egypt, and Jordan, with Bahrain joining during the partnership’s second meeting in Cairo in July.