How the UAE, Egypt and Jordan industrial partnership will lift vital sectors – The National

How the UAE, Egypt and Jordan industrial partnership will lift vital sectors – The National

The industrial partnership between the UAE, Egypt and Jordan aims to foster regional economic integration, capitalise on competitive advantages, develop regional supply chains and improve trade prospects, analysts say.

Specifically, the recently-announced partnership will yield economic benefits for the five sectors of mutual and strategic interest, including agriculture, pharmaceuticals, textiles, minerals and petrochemicals in each country.

"Not only would such investments increase value-add and productivity, it will also help these nations to integrate into the global supply chain — resulting in better trade prospects with an increase in exports, reduced costs and maximising firms' profits," Nasser Saidi, founder and president of Nasser Saidi & Associates, said.