12 agreements between UAE, Egypt, Jordan and Bahrain signed across 9 industrial projects valued at $2 billion

12 agreements between UAE, Egypt, Jordan and Bahrain signed across 9 industrial projects valued at $2 billion

Companies from the UAE, Egypt, Jordan and Bahrain signed industrial agreements with an investment value exceeding $2 billion at the third Higher Committee meeting of the Industrial Partnership for Sustainable Economic Development. The meeting included the signing of 12 agreements across 9 industrial projects. The projects are expected to create approximately 13,000 job opportunities and boost national GDP in the partnering countries by more than $1.6 billion.

The projects

Egypt-based Soda Chemical Industries announced an investment of $500 million to produce sodium carbonate. The facility will have a production capacity of 500,000 tons annually. A MoU was signed for a strategic partnership with the Emirates Flat Glass Company, owned by Dubai Investments, to purchase the final product.