Abu Dhabi, UAE – The United Arab Emirates, the Arab Republic of Egypt and the Hashemite Kingdom of Jordan have announced an Industrial Partnership for Sustainable Economic Growth in Abu Dhabi today to unlock new industrial opportunities and enhance sustainable economic growth in the three countries, across 5 sectors.
His Highness Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister of the UAE and Minister of Presidential Affairs, witnessed the signing of the partnership, which is designed to achieve sustainable economic growth across food and agriculture, fertilizers, pharmaceuticals, textiles, minerals, and petrochemicals. In order to accelerate the partnership objectives, a US$10bn investment fund has been allocated and will be managed by ADQ Holding
H.E. Dr. Mostafa Madbouly, Prime Minister of Egypt, and H.E. Dr. Bisher Al Khasawneh, Prime Minister of Jordan, witnessed the signing alongside His Highness.
The partnership agreement was signed by H.E. Dr. Sultan Al Jaber, UAE Minister of Industry and Advanced Technology, H.E. Dr. Nevein Gamea, Egyptian Minister of Industry and Trade, and H.E. Yousef Al Shamali, Jordan Minister of Industry, Trade and Supply.
H.H. Sheikh Mansour bin Zayed Al Nahyan stated: “The partnership embodies the vision of His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE, to enhance industrial integration with Arab nations and the rest of the world so we can achieve a major leap in the industrial sector and transform its potential an economic driver.
Industry is the backbone of the world’s largest economies. Through its capabilities, effective policies and current focus on developing advanced technology and logistics infrastructure, we are confident that the UAE can build a global economic powerhouse by leveraging industrial partnerships across the region.”