UAE Business: UAE, Egypt, Jordan in joint industrial push: $10bn fund set up – Gulf Digital News

UAE Business: UAE, Egypt, Jordan in joint industrial push: $10bn fund set up – Gulf Digital News

The United Arab Emirates, Egypt and Jordan have announced an industrial partnership for sustainable economic growth in Abu Dhabi today to unlock new industrial opportunities and enhance sustainable economic growth in the three countries, across five sectors.

Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister of the UAE and Minister of Presidential Affairs, witnessed the signing of the partnership, which is designed to achieve sustainable economic growth across food and agriculture, fertilizers, pharmaceuticals, textiles, minerals, and petrochemicals.

In order to accelerate the partnership objectives, a $10 billion investment fund has been allocated and will be managed by ADQ Holding.

Dr Mostafa Madbouly, Prime Minister of Egypt, and Dr Bisher Al Khasawneh, Prime Minister of Jordan, also witnessed the signing.

The partnership agreement was signed by Dr Sultan Al Jaber, UAE Minister of Industry and Advanced Technology; Dr Nevein Gamea, Egyptian Minister of Industry and Trade; and Yousef Al Shamali, Jordan Minister of Industry, Trade and Supply.

Sheikh Mansour stated: “The partnership embodies the vision of His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE, to enhance industrial integration with Arab nations and the rest of the world so we can achieve a major leap in the industrial sector and transform its