Ministers from the UAE, Egypt, and Jordan have met for the first time since the signing of the Industrial Partnership for Sustainable Economic Growth last week, to discuss a roadmap for implementing initiatives related to the new partnership.
The tripartite higher committee meeting was attended by Sultan bin Ahmed Al Jaber, UAE’s Minister of Industry and Advanced Technology; Nevein Gamea, Egyptian Minister of Industry and Trade; and Yousef Al Shamali, Jordan’s Minister of Industry, Trade, and Supply.
The Ministers discussed timeframes for implementing the initiatives and how their performance can be measured.
The meeting also focused on the importance of private sector participation and its important role in enabling the industrial partnership, which focuses on five sectors including agriculture, food, fertilizers, pharmaceuticals, textiles, minerals, and petrochemicals.
The members approved the appointment of Omar Al Suwaidi, Under-Secretary of the Ministry of Industry and Advanced Technology, as Secretary-General of the tripartite higher committee. The steering and executive committee will continue their work and meet next month to follow up on the partnership’s progress.
They will also create a roadmap for the implementation of projects, and monitor challenges and enablers to stimulate investment.
The set of resources and competitive advantages include raw materials such as energy resources in the UAE, fertile agricultural lands in Egypt, and minerals in both Egypt and Jordan.
The three countries also have strong capabilities in the pharmaceutical sector, aluminum, steel, and petrochemicals, among others.