Egypt will host the first meeting of the higher committee of the integrated industrial partnership that comprises Egypt, Jordan, and the United Arab Emirates on Monday.
The trade and industry ministers of the three countries will head the higher committee meeting, according to a statement by the Egyptian Ministry of Trade and Industry.
Executive committee meetings will take place in Cairo between the delegations of the three countries on Saturday and Sunday to prepare a report for the higher committee.
Egypt, Jordan, and the UAE launched their industrial partnership initiative late in May during a visit by a delegation from the Egyptian government headed by Prime Minister Mostafa Madbouli to the Emirati capital, Abu Dhabi.
As part of the initiative, the UAE’s government announced that it is allocating an investment fund of $10 billion for joint projects with Egypt and Jordan.
The fund will be run by Abu Dhabi Development Holding (ADQ) to support and accelerate the projects arising from the initiative.
In this regard, Egypt’s Minister of Trade and Industry Nevine Gamea said the meetings this week will tackle agreements on a number of projects in many production sectors.
This includes agriculture, food, fertilizers, and pharmaceutical industries as well as promoting trade and economic ties between the three countries, she said.
The past period witnessed intensive meetings at the level of the executive committee to outline a mechanism for implementing the integrated partnership between the three countries, Gamea noted.
The partnership's first phase includes a number of projects in the fields of grain production, animal production, food processing, fertilizers, packaging, and the production of alternative medicines, she said.
This is in addition to the production of textiles, silica, and aluminum smelting using renewable energy, she added.
Source: Al-Ahram Online
