UAE, Egypt, Jordan agree to $10 billion investment partnership

  • Date: 02-Jun-2022
  • Source: Al-Monitor
  • Sector:Economy
  • Country:UAE
  • Who else needs to know?

UAE, Egypt, Jordan agree to $10 billion investment partnership

The United Arab Emirates, Egypt and Jordan announced a new industrial investment project Sunday. 

What it means: The three countries signed the Industrial Partnership for Sustainable Economic Growth in Abu Dhabi. The partnership allocates $10 billion to an investment fund managed by ADQ, which functions as a sovereign wealth fund for the UAE. The countries will invest in the following sectors:  

food

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