UAE-Egypt-Jordan industrial partnership to usher in new era of economic integration: Ministers, officials

UAE-Egypt-Jordan industrial partnership to usher in new era of economic integration: Ministers, officials

ABU DHABI, 30th May, 2022 (WAM) -- Ministers and officials affirmed the Industrial Partnership for Sustainable Economic Growth, signed by the UAE, Egypt and Jordan, will usher in a new era for competitive industries by engaging in added-value manufacturing sectors, which will help bolster economic integration.

Sheikh Saqer bin Humaid Al Qasimi, Chairman of the Board, Julphar, said the UAE has strengthened its global stature as a hub for added-value manufacturing through the launch of the integrated partnership, underscoring its commitment to achieving the vision of President His Highness Sheikh Mohamed bin Zayed Al Nahyan.

He then stressed Julphar’s key role as a strategic partner in supporting the development of the UAE’s industrial sector, most notably in the pharmaceutical sector.

Yousef Al Shamali, Minister of Industry, Trade and Supply of Jordan, said the partnership will help the three countries achieve economic integration, most notably in related sectors, underscoring the shared visions of their leaderships aimed at establishing partnerships that support broader Arab economic cooperation for the coming period.

The industrial sector is one of the key drivers of economic development and will help advance other sectors, as well as support the overall bilateral cooperation between the three countries, most notably in economic areas, he added.

The upcoming period will focus more on strategic priority areas, such as achieving food and pharmaceutical security, as well as ensuring the security and flexibility of supply chains, to mitigate the current global supply challenges, he further added, noting that target sectors include agriculture, textile, minerals and petrochemicals.

An implementation framework for the partnership will be developed by specialist committees from the three countries, to ensure implementation as per a specific time frame, Al Shamali further explained.

Dr. Essam Mohammed, CEO of Julphar, highlighted the role of the UAE Government in empowering national industrial sectors, most notably the pharmaceutical sector while maintaining the efficiency and sustainability of production and supply chains.

He also noted that the industrial partnership between the UAE, Egypt and Jordan will serve their communities, by leveraging expertise, technologies and innovative practices in manufacturing and supply chains, which will help create innovation-friendly environments.