Minister of Industry, Trade and Supply Yousef Shamali the integrated industrial partnership between Jordan, the UAE and Egypt came as a result of the summit meeting that brought together His Majesty King Abdullah II, Egyptian President Abdel Fattah Al-Sisi and the President of the UAE, His Highness Sheikh Mohammed bin Zayed Al Nahyan, during the holy month of Ramadan.
He told Jordan TV’s “60 Minutes” program, that the partnership came as a reflection of the strength of the bilateral ties between the three brotherly countries.
He added that, “We have an opportunity to increase the production of wheat and corn in the three countries from 16.5 million tons to about 30 million tons annually.”
Commenting on the 10-billion U.S. dollar investment fund, Shamali said that the fund announcement was made by the UAE Minister of Industry and Advanced Technology Sultan Ahmed Al Jaber, in which the fund will support projects emanating from the partnership between the three countries within the agreed sectors.
The minister spoke about data, figures and indications of the tripartite integration, the most important of which is the presence of a large market, as the three countries constitute 26 percent of the population in the Middle East and North Africa region.
Shamali added that the three countries are distinguished by the availability of logistical infrastructure, especially the network of UAE sea, land and air ports, including, for example, Jebel Ali Port, the first in the world in terms of volume and trade flow in the Middle East and North Africa.
In Jordan, for example, there is the Aqaba Container Terminal, which is strategically located at the crossroads of 3 continents and 5 countries, and in Egypt, the Suez Canal, through which 13 percent of world trade flows, Shamali stressed.
Commenting on integration spheres, the minister said that said that the such subjects included the fields of agriculture, food and fertilizers, as the three countries have important advantages in the mentioned fields in terms of raw materials and various wealth.
As for the integration in the minerals sector, Shamali said regarding this sector the three countries can get benefit from minerals, sustainable competitive energy and pioneering technologies.
The minerals sector provides opportunities for projects worth $23 billion through the manufacture of high-value products including: glass, electrical wires, car components and solar panels, Shamali noted.
Source: Jordan News Agency