UAE, Egypt and Jordan signed an integrated industrial partnership aimed at achieving sustainable economic development in 5 promising industrial fields, including agriculture, food, fertilizers, pharmaceuticals, textiles, minerals and petrochemicals.
An investment fund managed by the Emirati Holding Company, worth $10 billion, has been allocated to invest in projects emanating from this partnership in the agreed sectors.
The partnership was signed in the presence of Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs in the UAE, Dr. Bishr Al-Khasawneh, Jordanian Prime Minister, and Dr. Mustafa Madbouly, Egyptian Prime Minister.
Sheikh Mansour bin Zayed Al Nahyan stressed that this partnership embodies the vision of Sheikh Mohammed bin Zayed Al Nahyan, President of the UAE, to promote industrial integration with Arab countries and the rest of the world, in order to achieve a qualitative leap in the industrial sector to be a major lever for the economy. He explained that "Industry is the backbone of major economies, and we are confident that the UAE, with its capabilities, effective policies, will to develop, advanced technology and advanced logistical infrastructure, is able to build a solid economic base by taking advantage of industrial integration among the countries of the region."
For his part, Dr. Bishr Al-Khasawneh stated that the signing of the partnership between the three countries expresses a strategic partnership and historical relations. This partnership also establishes great industrial opportunities in a way that enhances integration, protects supply chains, leads to replacement, and promotes sustainable economic development, which is reflected in economic growth figures, job creation, and other prospects.
In turn, the Egyptian Prime Minister pointed out that the Corona pandemic, and the subsequent Russian-Ukrainian crisis, revealed, beyond any doubt, the need for integration between our Arab countries, which contributes to achieving the interests of our peoples, in Egypt, the Emirates and Jordan, which could become a strong kernel for a more comprehensive cooperation between our Arab countries. He stressed that the current regional and international conditions make it imperative for the Arab countries to maximize opportunities for cooperation and integration between them, as each country has a competitive advantage and has its capabilities, which leads to maximizing these advantages and capabilities through joint integration between these countries.
Source (Al-Sharq Al-Awsat Newspaper, Edited)
