Ten billion investment between the UAE, Jordan, and Egypt

Today, Sunday, the United Arab Emirates signed an industrial partnership agreement with Egypt and Jordan. The $10 billion investment fund, allocated and managed by ADQ Holding, aims to achieve sustainable economic development among the three countries, in promising industrial fields, including agriculture, food, fertilizers, pharmaceuticals, textiles, minerals, and petrochemicals.

UAE Deputy Prime Minister and Minister of Presidential Affairs, Mansour bin Zayed Al Nahyan, Jordanian Prime Minister Bisher Al-Khasawneh, Egyptian Prime Minister Mustafa Madbouly, and ministers from the three countries witnessed the signing of the agreement.

The partnership is expected to benefit from the areas of integration between the components, advantages, capabilities, and expertise in the three countries, including skilled labor, raw materials, strategic geographic location, and advanced infrastructure.

The agreement is important because the three countries constitute 26% of the population in the Middle East and North Africa, which means a large market and a young workforce, in addition to a developed logistical infrastructure that includes energy resources, airports, seaports, as well as strategic transport corridors.