UAE, Egypt, Jordan, Bahrain to announce joint industrial projects

On Sunday, representatives from the UAE, Egypt, Jordan, and Bahrain will convene for the third meeting of the Higher Committee of the Industrial Partnership for Sustainable Economic Development in Amman, Jordan.

During the meeting, the committee will oversee the signing of agreements between industrial companies for projects worth millions of dollars and discuss the partnership's latest developments and joint industrial projects. The Executive Committee will provide a report and recommendations.

The partnership aims to integrate resources and industries, leverage competitive advantages, and reduce costs to grow the respective industrial sectors of member states. Through collaboration, the countries will enhance supply chains, create job opportunities, contribute to economic development, promote self-sufficiency, and boost industrial competitiveness.

Several agreements will be signed between industrial companies from the UAE, Egypt, Jordan, and Bahrain, followed by new projects with investments worth hundreds of millions of dollars. This investment will strengthen the partnership and empower member nations' respective industrial sectors to grow their contribution to GDP, bolster supply chains, reduce costs, and create new job opportunities.

The partnership was launched in May 2022 between the UAE, Egypt, and Jordan, with Bahrain joining during the partnership's second meeting in Cairo in July.