UAE, Egypt, Jordan and Bahrain sign $2bln of industrial agreements

UAE, Egypt, Jordan and Bahrain sign $2bln of industrial agreements

AMMAN: 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 kicked off in Amman on Sunday in the presence of Dr Sultan bin Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and the UAE's special envoy for climate change, His Excellency Ahmed Samir Saleh, Egyptian Minister of Industry and Trade of Egypt, Yousef Al Shamali, Jordanian Minister of Industry, Trade and Supply, and Abdulla Adel Fakhro, Bahraini Minister of Industry and Commerce.

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.

Jordan’s Prime Minister Dr Bisher Al-Khasawneh attended the signing ceremony of the partnership agreements along with the industrial ministers from the four countries.

Dr Al-Khasawneh met with the ministers of the partner countries and stressed the importance of this partnership in strengthening bilateral relations and economic development, along with the importance of the industrial sector’s role within participating countries.

Dr Al Jaber said: "We are grateful for His Majesty King