Egypt, Jordan, UAE hold tripartite meeting on Industrial Partnership for Sustainable Economic Development

CAIRO – 2 June 2022: A Jordanian-Egyptian-Emirati meeting will be held on Thursday to set a clear mechanism for implementing a number of projects emanating from the integrated “Industrial Partnership for Sustainable Economic Development” that was launched in Abu Dhabi, said Jordanian Minister of Industry, Trade and Supply Youssef al-Shamali.

Early this week, Egypt, Jordan and the UAE signed the “Industrial Partnership for Sustainable Economic Development,” as per which the Abu Dhabi Developmental Holding Company PJSC (ADQ) will allocate an investment fund of $10 billion.

"We rely a lot on the initiative to contribute to promoting investment and increasing trade exchange between the countries of Jordan, the UAE and Egypt, which will contribute to providing job opportunities and achieving the aspired economic growth,” said Shamali in a cabinet meeting on Wednesday.

The three-way partnership focuses on strategic goals which include advancing industries capable of holding competitions and attaining sustainable development, according to the editorial.

Jordan is working with the United Arab of Emirates (UAE), Egypt and Iraq to build foundations of political and economic cooperation, said Jordanian monarch King Abdullah II in a meeting with a number of former prime ministers at the Al-Husseiniya Palace in Amman, on Sunday.