Sultan bin Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology, said: “In line with the directives of His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE, ADQ Holdings will allocate an investment fund of $10 billion to invest in projects arising from this partnership in the agreed sectors.”
Al Jaber added: “The integrated industrial partnership is a translation of the vision of His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the State, which focuses on building long-term strategic companies that contribute to enhancing stability, supporting growth, progress and achieving economic and social prosperity.”
And according to what was announced at a conference on this partnership in the UAE capital Abu Dhabi on Sunday, it focuses on investing in 5 industrial sectors, including agriculture, food, fertilizers, pharmaceuticals, textiles, minerals and petrochemicals, to promote economic development, industrial integration, and the integration of value chains between Jordan, the UAE and Egypt.
This partnership is strengthened by taking advantage of the industrial advantages in the three countries and developing their fields to achieve common strategic goals, which include sustainable growth, developing world-class competitive industries, promoting value-added manufacturing sectors, as well as providing secure and flexible supply chains and promoting the growth of value chains and trade. and integration between the three countries.
The new partnership is an extension of the strong economic relations between the UAE and Egypt on the one hand, and the UAE and Jordan on the other, and is in line with the UAE’s vision to enhance the role of the industrial sector and link it to technology as one of the most important economic components and attract the attention of the government, which seeks to attract foreign investments to it, and to bring in modern technology that supports it. competitive factors with global industrial sectors.
For his part, Egyptian Prime Minister Mostafa Madbouly said that “the industrial partnership between the UAE, Egypt and Jordan will raise the level of desire for economic integration among Arab countries.”
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