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Egypt, UAE, Jordan ink industrial partnership
29 May 2022  -  Organization :  -  Sector/Entity :  -  Category : Industry News

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The signed partnership aims to boost economic growth across five key sectors: food and agriculture, fertilizers, pharmaceuticals, textiles, minerals and petrochemicals.

Abu Dhabi- May 29, 2022

Egypt, the United Arab Emirates and Jordan have launched an integrated “Industrial Partnership for Sustainable Economic Development” in Abu Dhabi, to boost economic growth across five key sectors: food and agriculture, fertilizers, pharmaceuticals, textiles, minerals and petrochemicals.

The partnership was signed by Egypt's Minister of Trade and Industry Nevine Gamea, UAE Minister of Industry and Advanced Technology Sultan al-Jaber, and Jordanian Minister of Industry, Trade and Supply Yousef al-Shamali; in the presence of Egyptian and Jordanian prime ministers and Emirati deputy prime minister.

“The initiative aims to enhance food and drug security and achieve integration in various industrial sectors and supply chains,” Gamea said to media following the inking ceremony.

The move, she added, would help develop joint industries to be more capable of competing on regional and international markets, and secure food supplies in the three countries; capitalizing on their available green energy sources and creating circular economies within global climate commitments.

As per the agreement, a supreme tripartite committee will be formed under the chairmanship of the three nations’ industry ministers, as well as an executive committee including representatives of the ministries concerned, to work with the private sector on achieving the goals of the agreement.

 

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