AMMAN —
The second meeting of the Higher Committee for Integrated Industrial
Partnership for Sustainable Economic Growth, resumed in Cairo, a local news
outlet reported.
اضافة اعلان
The meeting of
the Integrated Industrial Partnership Initiative, which includes Jordan, Egypt,
and the UAE, saw Bahrain joining the group, said a statement by the Egyptian
Ministry of Trade and Industry. It said Bahrain’s Minister of Industry and
Commerce Zayed bin Rashid Al-Zayani attended.
The group’s
Higher Committee approved recommendations by its Executive Committee in two days
of meetings in Egypt, in which firms operating in the fields of agriculture,
food, fertilizers, and medicine also attended.
A list of 87
suggested projects were mapped out, including 12 which were endorsed for
feasibility studies. They include projects in agricultural, food, fertilizers,
and pharmaceutical sectors as a first stage, with a projected investment of
$3.4 billion.
The second stage
is expected to focus on metal, chemicals, plastics, textiles, and clothing.
Jordan’s Minister
of Industry, Trade, and Supply Youssef Al-Shamali said the two-day meetings
followed up on the activities of private sector firms and their workshops,
which have been convening in the past few weeks.
He said the
meetings were a continuation to an agreement announced in Abu Dhabi two months
ago, which called for Jordan, Egypt and the UAE to launch an integrated
industrial partnership to achieve sustainable growth.
Shamali pointed
to Royal directives, saying King Abdullah is an ardent supporter of various
forms of joint Arab action. “That is what the meeting is based on, and it will
culminate in fruitful economic cooperation for the four countries,” he said.
He explained that
the meeting manifested the strong political and economic relations between the
countries in the newly-formed grouping, which is a stepping stone towards a new
phase for the systematic pursuit of economic integration.
Shamali pointed
out that Bahrain’s presence constitutes a strong economic push for the
Industrial Partnership Initiative, enhancing the achievement of the desired
economic integration and building a unique industrial partnership capable of
meeting the objectives of the initiative, and achieving economic growth for its
member states.
With the emerging
food security crises globally, priorities must be rearranged to find serious
practical solutions to reduce its repercussions on the people and to give
national economies the necessary strength to confront any future global crisis,
the minister said.
He said that
there is a real opportunity to transfer what has been agreed upon into actual
projects through new partnerships between businessmen from Jordan, Egypt, the
UAE, and Bahrain, expanding the areas of cooperation and agreeing on
investments that will reflect positively on the sustainable development which
the Kingdom seeks.
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