ammonnews.net

Ammon News - The third meeting of the Higher Committee of the "Integrated Industrial Partnership for Sustainable Economic Development", involving Jordan, Egypt, Bahrain and the United Arab Emirates, is scheduled to be held in Amman on Sunday.

The meetings of the Higher Committee will be chaired by the Minister of Industry, Trade and Supply and the Minister of Labour Youssef Shamali; with the participation of the Minister of Industry and Advanced Technology of the UAE Sultan Bin Ahmed Al Jaber; Egyptian Minister of Industry and Commerce Ahmed Samir Saleh; Bahraini Minister of Industry and Commerce Abdullah bin Adel Fakhroo.

Member states are cooperating to achieve qualitative growth in the industrial sector of the four countries through resource and industry integration, leveraging each country's competitive advantages through concerted efforts and collective action to lower costs, secure supply chains, create more jobs, contribute to economic development, promote self-sufficiency and eventually promote growth and industrial competitiveness.

The meetings of the Higher Committee will also see the signing of agreements between industrial companies in various sectors after their adoption as a first phase, which will be followed by new projects with investments, estimated at hundreds of millions of dollars.

The Executive Committee will continue to consider new projects in the targeted sectors to enhance this partnership and empower the industrial sector in all four countries, increase the industrial sector's contribution to GDP, support supply chains, reduce costs and create new jobs.

In a statement, Shamali welcomed Thursday the holding of the meeting in Amman, which come within the framework of continuous follow-up of work methodologies and announcing what is being achieved, especially in terms of projects reached after feasibility studies within the framework of the partnership and its various committees.