The Egyptian capital, Cairo, hosted the activities of the second meeting of the Higher Committee for the Integrated Industrial Partnership for sustainable economic development between Jordan, the UAE and Egypt. The meeting witnessed the announcement of the Kingdom of Bahrain joining the Integrated Industrial Partnership Initiative.
The committee approved 12 projects in the sectors of agriculture, food, fertilizers and medicines, with initial investments of $3.4 billion.
The UAE Minister of Industry and Advanced Technology Sultan Al Jaber affirmed the UAE's commitment to the partnership through the $ 10 billion fund to be managed by “ADQ Holding” Company to invest in projects emanating from this partnership. Al-Jaber pointed out that "in the first meeting of the Supreme Committee, we identified the five main sectors and the list of the first ten projects that this partnership will focus on, we foresaw the industrial opportunities, the growth we aspire to, and the expected economic value, and we have now moved to the stage of implementing these goals that were announced at the start of this partnership, through the technical meetings and workshops that were held.”
The committee prepared a list of 87 proposed projects in the targeted sectors, including 12 eligible to enter the feasibility studies phase in the agriculture, food, fertilizer and pharmaceutical sectors as a first stage. With a focus in the next phase on new sectors, namely metals, chemicals, plastics, textiles and clothing.
Source (Al-Arabiya.net Website, Edited)
