Bahrain joins Industrial Partnership for Sustainable Economic Development in Cairo

Bahrain joins Industrial Partnership for Sustainable Economic Development in Cairo

CAIRO - The second Higher Committee meeting of the Industrial Partnership for Sustainable Economic Development kicked off today in Cairo in the presence of Dr. Nevin Jameh, Egypt Minister of Trade and Industry, Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology, and Yousef Al Shamali, Jordanian Minister of Industry, Trade and Supply.

At the meeting, the Higher Committee announced and welcomed the Kingdom of Bahrain as a new member of the Partnership represented by Zayed bin Rashid Alzayani, Minister of Industry and Commerce of Bahrain.

Bahrain, a major producer of raw aluminum and iron ore, will increase the partnership's total industrial manufacturing value add from $106.26 billion to $112.5 billion. Bahrain boasts a strong industrial sector with more than 9,500 companies and 55,000 employees and $4.3 billion in industrial Foreign Direct investments.

The Partnership aims to establish large joint industrial projects, create job opportunities, contribute to increasing economic output, diversify the economies of the partner countries, support industrial production and increase exports.

The Higher Committee also reviewed a presentation by the Executive Committee, delivered by Abdullah Al Shamsi, Assistant Under-Secretary, Industry Growth, at the Ministry of Industry and Advanced Technology, Dana Alzoubi, Secretary-General of the Jordanian Ministry of Industry and