Egypt signs 12 partnership agreements with 3 Arab countries

Egypt signs 12 partnership agreements with 3 Arab countries

Egypt, Jordan, UAE, and Bahrain have signed 12 agreements for 9 integrated industrial projects with a total investment exceeding $2bn in the sectors of agriculture, medicine, minerals, chemicals, and electrical cars, during the third meeting of the Higher Committee for Integrated Industrial Partnership for Sustainable Economic Development in Amman, Jordan.

Jordan’s Prime Minister Bishr Al-Khasawneh, Egypt’s Minister of Trade and Industry Ahmed Samir, the UAE Minister of Industry and Advanced Technology Sultan bin Ahmed Al-Jaber, Minister of Industry, Trade, Supply, and Labour in Jordan Yusef Al-Shamali, and Minister of Industry and Trade in Bahrain Abdullah bin Adel Fakhro attended the signing ceremony of the agreements.

The Higher Committee for the Integrated Industrial Partnership for Sustainable Economic Development has approved the recommendations and report of the Executive Committee, as the projects that have been agreed upon contribute to increasing local production in the partnership countries by a value exceeding $1.6bn and creating about 13,000 direct and indirect jobs.

The Egyptian company “Soda Chemical Industries” announced an investment of $500m to produce sodium carbonate “soda ash”, which is the main raw material in many industries, the most important of which are glass and detergent industry, with a production capacity of 500,000 tonnes annually.

A memorandum of