In a move to strengthen bilateral relations and promote economic development, companies from the United Arab Emirates, Egypt, Jordan, and Bahrain signed industrial agreements worth over $2 billion at the third Higher Committee meeting of the Industrial Partnership for Sustainable Economic Development.

The meeting, held in Amman and attended by the industrial ministers of the four countries, saw the signing of nine industrial projects that are expected to create approximately 13,000 job opportunities. The agreements cover various sectors, including food processing, pharmaceuticals, and renewable energy.

The partnership between the four countries is expected to boost their national GDP by over $1.6 billion. Jordan’s Prime Minister, Dr. Bisher Al-Khasawneh, who attended the signing ceremony, emphasized the importance of this partnership in strengthening bilateral relations and promoting economic development.

The industrial sector plays a critical role in the economic growth of the participating countries. By collaborating and investing in various sectors, these countries can create more jobs, promote innovation and technology transfer, and ultimately improve their economies.

The agreements signed at the Higher Committee meeting are a significant step forward in achieving these goals. They demonstrate the commitment of the UAE, Egypt, Jordan, and Bahrain to work together towards sustainable economic development and strengthen their partnership in the industrial sector.

In addition to the economic benefits, the partnerships are also expected to enhance cooperation and promote cultural exchange between the participating countries. The UAE, Egypt, Jordan, and Bahrain share a rich history and culture, and this partnership provides an opportunity to further deepen these ties.

Overall, the agreements signed at the third Higher Committee meeting of the Industrial Partnership for Sustainable Economic Development are a significant milestone in the economic development of the participating countries. They demonstrate the potential for collaboration and cooperation between nations to drive growth and create jobs, ultimately leading to a more prosperous future for all.

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