UAE, Egypt, Jordan, Bahrain sign 12 industrial agreements worth $2 billion

UAE, Egypt, Jordan, Bahrain sign 12 industrial agreements worth $2 billion

DUBAI — Companies from the United Arab Emirates, Jordan, Egypt and Bahrain signed industrial agreements with an investment value of over $2 billion at the third Higher Committee Meeting of the Industrial Partnership for Sustainable Economic Development in Amman on Sunday. 

Twelve agreements were signed for nine industrial projects in agriculture, pharmaceuticals, metals, chemicals and electric vehicles, according to the governmental Jordan News Agency, Petra.

All together, the agreements and projects are expected to generate 13,000 job opportunities. 

In addition, 35 proposals for new projects were submitted to the executive committee to be considered for the future. There were selected from among 100 private companies that participated in workshops at the event.

Jordan hosted this year’s event and Prime Minister Bisher Al-Khasawneh attended the signing ceremony along with the industrial ministers of each of the four participating countries. 

UAE Minister of Industry and Advanced Technology Sultan Ahmed Al-Jaber, the president-designate of the COP28 climate summit, commented on the benefits of these gatherings. In a statement by the Emirati government news agency WAM, Al-Jaber said, “This partnership is beginning to yield tangible results. It represents an exceptional model for industrial partnerships among private sector companies. It is testament to our collective ability to plan, integrate, and progress towards achieving our objectives.” 

Egypt's Minister of Industry