Arab Press

بالشعب و للشعب
Sunday, Apr 02, 2023

Multi-million-dollar deals to be signed for UAE, Egypt, Jordan, Bahrain projects

Multi-million-dollar deals to be signed for UAE, Egypt, Jordan, Bahrain projects

Ministers from the UAE, Egypt, Jordan, and Bahrain will meet on Sunday to sign multi-million-dollar agreements for various industrial projects.
The meeting, to take place in the Jordanian capital of Amman, comes under the umbrella of the Higher Committee of the Industrial Partnership for Sustainable Economic Development, state-run Emirates News Agency (WAM) reported on Thursday.

Yousef al-Shamali, Jordan’s Minister of Industry, Trade and Supply and Minister of Labor, will head the meeting with ADNOC CEO Dr. Sultan al-Jaber, who is also the UAE Minister of Industry and Advanced Technology and President-Designate for COP28; Ahmed Samir Saleh, Egypt’s Minister of Industry and Trade; and Abdulla bin Adel Fakhro, Bahrain’s Minister of Industry and Commerce.

“Under the partnership, the member states will collaborate to grow their respective industrial sectors by integrating resources and industries and leveraging competitive advantages,” WAM reported.

“The countries will also work together to reduce costs, enhance supply chains, create job opportunities, contribute to economic development, promote self-sufficiency, and boost industrial competitiveness,” it added.

The industrial partnership was launched in the UAE capital Abu Dhabi in May 2022 between the UAE, Egypt and Jordan, with Bahrain joining the group in July.

The UAE has set up a $10 billion fund managed by the ADQ holding company, earmarked to be invested in the projects under the partnership.

At least 87 projects have been targeted so far. These projects include petrochemicals, metals, minerals, textiles, pharmaceuticals, and agriculture.

In January, UAE President Sheikh Mohamed bin Zayed Al Nahyan met with the leaders of Oman, Bahrain, Qatar, Jordan and Egypt to discuss relations and deepen cooperation.

The meeting, which was held in Abu Dhabi, aimed to “solidify and deepen cooperation in all fields that serve development, prosperity and stability in the region [via] joint efforts and regional integration,” WAM reported at the time.

Related Articles

Arab Press
The G-7 aims to make global crypto regulations tougher
Don’t Dismiss China’s Peacemaking Bid
China and Brazil have signed a new deal that will allow them to trade in their own currencies, bypassing the US dollar as an intermediary
Elon Musk and Others Call for Pause on A.I., Citing ‘Profound Risks to Society’
“We've had evidence prior to the pandemic that masks were largely ineffective at preventing community transmission of influenza “
Former Starbucks CEO Howard Schultz:
Former Starbucks CEO Howard Schultz rejects being labeled a "billionaire"
Jamie Dimon is being deposed over JPMorgan Chase role in Epstein lawsuits
Brand new security footage has just been released to the public showing the Active shooter Audrey Elizabeth Hale drove to Covenant Church School in her Honda Fit this morning, parked, and shot her way into the building
Smart Iranian fashion designer teaching dummy TV anchors lesson about reality
U.S. charges FTX's Bankman-Fried with paying $40 million bribe
Fallen 'Crypto King' Who Owes Millions to Investors Was Kidnapped and Tortured
Regulators blame social media for SVB's rapid collapse: 'Complete game changer'
AOC explains why she opposes banning TikTok
Gordon Moore, a co-founder of Intel Corporation, died at 94
Powell: Silicon Valley Bank was an 'outlier'
Donald Trump arrested – Twitter goes wild with doctored pictures
Credit Suisse's Scandalous History Resulted in an Obvious Collapse - It's time for regulators who fail to do their job to be held accountable and serve as an example by being behind bars.
Paris Rioting vs Macron anti democratic law
'Sexual Fantasy' Assignment At US School Outrages Parents
Credit Suisse to borrow $54 billion from Swiss central bank
Russian Hackers Preparing New Cyber Assault Against Ukraine
If this was in Tehran, Moscow or Hong Kong
A brief banking situation report
We are witnessing widespread bank fails and the president just gave a 5 min speech then walked off camera.
Donald Trump's asked by Tucker Carlson question on if the U.S. should support regime change in Russia?.
Elon Musk Is Planning To Build A Town In Texas For His Employees
The Silicon Valley Bank’s collapse effect is spreading around the world, affecting startup companies across the globe
Market Chaos as USDC Loses Peg to USD after $3.3 Billion Reserves Held by Silicon Valley Bank Closed.
Banking regulators close SVB, the largest bank failure since the financial crisis
Silicon Valley Bank: Struggles Threaten Tech Startup Ecosystem"
The unelected UK Prime Minister Rishi Sunak, an immigrant himself, defends new controversial crackdown on illegal migration
Man’s penis amputated by mistake after he’s wrongly diagnosed with a tumour
In a major snub to Downing Street's Silicon Valley dreams, UK chip giant Arm has dealt a serious blow to the government's economic strategy by opting for a US listing
It's the question on everyone's lips: could a four-day workweek be the future of employment?
Spain officials quit over trains that were too wide for tunnels...
Corruption and Influence Buying Uncovered in International Mainstream Media: Investigation Reveals Growing Disinformation Mercenaries
European MP Clare Daly condemns US attack on Nord Stream
Tucker Carlson called Trump a 'demonic force'
US Joins 15 NATO Nations in Largest Space Data Collection Initiative in History
White House: No ETs over the United States
Saray Street in Hatay-Antakya before and after the earthquake
U.S. Jet Shoots Down Flying Object Over Canada
Nord Stream terror attack: David Sacks breaks down Sy Hersh's story
Being a Tiktoker might be expensive…
Miracle: El Salvador Search and Rescue teams, with the support of Turkish teams, rescued a woman and a child from the rubble 150 hours after the earthquake
SpaceX, the private space exploration company, made a significant breakthrough in their mission to reach space.
China's top tech firms, including Alibaba, Tencent, Baidu, NetEase, and, are developing their own versions of Open AI's AI-powered chatbot, ChatGPT
This shocking picture, showing how terrible is the results of the earthquake in Turkey
President Joe Biden delivered the 2023 State of the Union Address , in order to help Americans that missed the 2022 speech, do not have internet, and suffer from short memory.