Today: 6 July 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

Kenyans put president on notice

Kenya’s fifth president became a remarkably unpopular leader barely two years into his presidency after proposing aggressive tax measures that many saw as a betrayal of his campaign promise to support working-class

World Bank grants South Africa a $1.5 bn loan

Deteriorating rail systems, jammed ports and frequent blackouts have hindered vital industries like mining and auto manufacturing in South Africa, contributing to slow economic growth over the last decade in Africa’s most

Judge halts Trump from dismantling USADF

Congress established USADF as an independent agency in 1980, with the mandate to support economic development initiatives in AfricaXXX In a significant legal development, a federal judge in Washington, DC, has temporarily

UAE Takes Part in 3rd BRICS Sherpa Meeting

For the UAE, BRICS provides a valuable platform for dialogue and policy coordination across regions….reports Asian Lite News Saeed Mubarak Al Hajeri, Assistant Minister for Economic and Trade Affairs and the UAE’s

Khamenei Breaks Cover in Tehran

Iran’s Supreme Leader makes first public appearance since conflict with Israel, as mystery over his wartime absence continues. Iran’s Supreme Leader Ayatollah Ali Khamenei made his first public appearance on Saturday since
Go toTop

Don't Miss

‘World has small window for major course correction’

Al Jaber also continued his calls to expand partnerships and

Pope praises MBZ’s efforts to support human fraternity

Pope Francis praised the ongoing efforts and unlimited support of