Jordanian-Egyptian-UAE industrial partnership opens ‘multiple’ economic cooperation-Shamali

The initiative for an integrated industrial partnership for sustainable economic development, which Jordan signed on Sunday, with the United Arab Emirates and Egypt, kicks off “unprecedented” cooperation to achieve economic integration in many fields, especially in the industrial areas, Minister of Industry, Trade and Supply, Yousef Shamali, said.

This initiative, he noted, is “truly” reflects joint visions and endeavors of the three countries’ leadership, in terms of building effective economic partnerships, and provides support for more comprehensive Arab economic cooperation during the coming period.

In a press statement following signing the initiative, Shamali added that the industrial sector is a major driver to develop the economic situation in various fields, stimulate other sectors and contribute significantly to creating job opportunities and reducing poverty and unemployment.

The minister noted the initiative at this level reflects the three countries’ “deep-rooted” visions to achieve industrial integration, and enhance benefiting from their resources, capabilities, raw materials, expertise and “distinguished” geographical location.

In addition, he siad the initiative will take advantage of the large logistical potentials, transport infrastructure, and smart financing solutions, which ultimately aims to establishing integrated industries that would contribute to diversifying the economy, promoting its growth and creating specialized job opportunities.

The initiative, he said, supports frameworks for strengthening tripartite cooperation in all fields, especially in the economic areas.

Source: Jordan News Agency

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