Today: 1 June 2025
24 February 2023
2 mins read

UAE, Egypt, Jordan, Bahrain to unveil big joint ventures

Under the partnership, the member states will collaborate to grow their respective industrial sectors by integrating resources and industries and leveraging competitive advantages…reports Asian Lite News

Ministers from the UAE, Egypt, Jordan, and Bahrain are set to meet on Sunday where they will oversee the signing 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 meeting will also result in a report and recommendations from the Executive Committee.

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, 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. These investments will strengthen the partnership, empower the member nations’ respective industrial sectors, grow the sectors’ contribution to GDP, bolster supply chains, reduce costs, and create new job opportunities.

Executive Committee meetings

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 Executive Committee will prepare a report for presentation to the Supreme Committee on the partnership’s latest achievements and proposals to empower the industrial sectors of each partner country.

Five strategic goals

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.

ALSO READ: UAE Vice President flags off 900km national rail network

Previous Story

High-level meetings to accelerate I2U2 engagements

Next Story

Global Village to showcase innovative Emirati-made products

Latest from -Top News

UAE aid for Gaza in global focus

Titled Hope Remains, the documentary brings to light the UAE’s leading role in providing vital aid and support to the people of Gaza. The International Humanitarian and Philanthropic Council has released a

Syria, Israel begin quiet talks

The announcement came just hours after Israeli warplanes reportedly carried out new airstrikes in Syria’s coastal provinces of Tartus and Latakia, hitting a range of military targets. Syria has confirmed the commencement

Gaza truce deal hits new snag

US says Hamas’ reply to the ceasefire plan was “totally unacceptable” and accused the Palestinian group of dragging the negotiations backward. The latest attempt to broker a ceasefire in Gaza has hit

IAEA flags Iran enrichment spike

The International Atomic Energy Agency (IAEA), in two separate but related reports, said Iran has boosted its uranium stockpile enriched up to 60% purity by nearly 50% since February. Iran has vehemently

World needs Dubai’s ambition: Morgan

Piers Morgan has hailed Dubai’s transformation as an example of what visionary leadership can achieve. British broadcaster Piers Morgan has praised the extraordinary ambition and vision of His Highness Sheikh Mohammed bin
Go toTop

Don't Miss

Egypt Destined to Broker Peace in Middle East

Israel, which is immune to Egyptian demands, will have to

UAE Vice President honours winners of Excellence Awards 2024

His Highness commended the 12 government entities and 8 individuals