Bahrain joins UAE, Egypt and Jordan’s industrial partnership for growth/Bahreïn rejoint le partenariat industriel des EAU, de l’Égypte et de la Jordanie pour la croissance by Sarmad Khan
The second higher committee meeting of the partnership has moved 12 projects worth $3.4bn into feasibility study stage. Bahrain has joined the Industrial Partnership for Sustainable Economic Development, boosting the industrial manufacturing value add of the alliance to more than $112.5 billion./La deuxième réunion du comité supérieur du partenariat a fait passer 12 projets d’une valeur de 3,4 milliards de dollars au stade de l’étude de faisabilité. Bahreïn a rejoint le Partenariat industriel pour le développement économique durable , portant la valeur ajoutée de la fabrication industrielle de l’alliance à plus de 112,5 milliards de dollars.
Bahrain joined the UAE, Egypt and Jordan at the second higher committee meeting of the industrial partnership in Cairo.
Dr Nevin Gamea, Egypt’s Minister of Trade and Industry, Dr Sultan Al Jaber, UAE Minister of Industry and Advanced Technology, and Yousef Al Shamali, Jordanian Minister of Industry, Trade and Supply, were also joined by Zayed Al Zayani, Minister of Industry and Commerce of Bahrain, at the meeting, the UAE Ministry of Industry and Advanced Technology said on Monday.
Bahrain, a major producer of raw aluminium and iron ore, boasts a strong industrial sector with more than 9,500 companies and 55,000 employees and $4.3bn in industrial foreign direct investment.
The partnership aims to establish large joint industrial projects, create job opportunities, contribute to increasing economic output, diversify the economies of the partner countries, support industrial production and increase exports, the statement said.
“This partnership is key to ensuring value and supply chains, reaching industrial self-sufficiency, and creating more jobs,” Ms Gamea said.
“We welcome Bahrain to join this partnership, which will help maximise the benefit of the industrial capabilities of the four countries.” READ MORE