The meetings of the Higher Committee announced the accession of Qatar and T\u00fcrkiye to the Integrated Industrial Partnership for Sustainable Economic Development, increasing the number of member states to seven within just three years of the partnership\u2019s launch. This significant addition enhances the strategic development of the partnership, which originated in Abu Dhabi in 2022, and reflects the shared ambition of member countries to improve industrial integration, strengthen cooperation, and build a resilient, competitive, and sustainable economy.<\/p>\n
The inclusion of Qatar and T\u00fcrkiye marks a pivotal advancement in regional industrial integration. Their accession supports the partnership\u2019s objectives for industrial growth and expansion, bringing new momentum due to Qatar\u2019s abundant natural resources and technological advancements, as well as T\u00fcrkiye\u2019s robust industrial capabilities. Both countries are recognized for their strengths in various sectors, including manufacturing industries, renewable energy, textiles and ready-made garments, pharmaceutical industries, chemical fertilizers and phosphates, mining and minerals, and food industries.<\/p>\n
The Integrated Industrial Partnership for Sustainable Economic Development is particularly significant considering rapid global developments. Member countries are focused on strengthening supply chains and achieving self-sufficiency in strategic and priority industries. The accession of T\u00fcrkiye and Qatar underscores the partnership\u2019s vital role in driving sustainable economic growth, innovation and competitiveness.<\/p>\n
Qatar\u2019s inclusion in the Integrated Industrial Partnership for Sustainable Economic Development represents a crucial step in promoting regional collaboration across key industries. The Qatari economy exemplifies sustainable growth, with the industrial sector accounting for 25% of its GDP, bolstered by its unique chemicals, metals, and renewable energy industries. Through its National Strategy for Manufacturing Industries (2024-2030), Qatar aims to increase the industrial sector\u2019s contribution to QAR 70.5 billion by 2030, thereby reinforcing its status as an industrial powerhouse.<\/p>\n
T\u00fcrkiye stands as a leading economic force, fueled by its diversified industries and economic resilience, with a GDP exceeding USD 1.1 trillion in 2023. Its strategic location provides access to markets with over 1.3 billion consumers, complemented by free trade agreements with numerous countries, enhancing its global competitiveness. T\u00fcrkiye functions as a crucial hub for global supply chains, boasting robust industrial capabilities in sectors such as automotive, food processing, textiles, metals, and advanced technologies.<\/p>\n
The inclusion of Qatar and T\u00fcrkiye in the Integrated Industrial Partnership for Sustainable Economic Development underscores the partnership\u2019s progress in promoting industrial integration and creating new opportunities for all member countries. Their advanced infrastructure, investment incentives, and skilled workforce will play a significant role in strengthening the regional industrial base and enhancing the competitiveness of the seven partner countries. This expansion paves the way towards achieving sustainable economic development goals, focusing on supply chain resilience, import substitution, and job creation.<\/p>\n
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During the meeting, several agreements were signed, and strategic projects valued at over USD 2 billion were announced, aimed at enhancing collaboration among member countries in critical sectors such as metals, pharmaceuticals, and plastic industries. These initiatives also prioritize the development of healthy food industries, biotechnology innovation, and advancements in electrical and high-tech industries.<\/p>\n
Key announcements included a raw material supply agreement between Bahrain Steel and Qatar, valued at USD 1.3 billion. This agreement will facilitate the supply of 5 million metric tons of raw materials over the course of five years.<\/p>\n
Additionally, a Memorandum of Understanding was signed between the UAE\u2019s ISC Capital and Bahrain\u2019s Peninsula farms to establish a sustainable microalgae production facility in the Kingdom, with an investment of USD 10 million. This project aims to advance microalgae production technology and provide industrial and medical solutions, aligning with Bahrain\u2019s Economic Vision 2030. Furthermore, it is expected to create job opportunities in areas such as research, agriculture, extraction, laboratory work, and production, contributing to the local economy and workforce development.<\/p>\n
Another significant announcement involved Egypt\u2019s Giza Cable Accessories \u2018s plan to establish a new facility in the UAE dedicated to producing cable accessories and electrical connectors, with an investment of nearly USD 7 million.<\/p>\n
Additional agreements were finalized for the supply of PET plastic containers from Jordan\u2019s Exceed Industries and plastic caps from Egypt\u2019s Delta El Nile to UAE\u2019s Hayatna – National Dairy, each valued at USD 10 million. Furthermore, a USD 15 million agreement was signed for the supply of animal feed from the UAE\u2019s National Feed Factory (NFFM) to Qatar\u2019s Al Rayyan Horse Essentials.<\/p>\n
In the pharmaceutical sector, key agreements included a collaboration between the UAE\u2019s Globalpharma and Morocco\u2019s Zenith Pharma to manufacture, license, and transfer technology in areas such as injectable medications, biologics, and treatments for cholesterol and diabetes. This partnership, with an investment exceeding USD 50 million, aims to strengthen regional pharmaceutical security and enhance the capacity for local production of medical solutions.<\/p>\n
To enhance regional investments, the UAE\u2019s Mubadala Investment Company has announced the acquisition of two factories \u2013 Adwia Pharmaceuticals in Egypt and PHI in Morocco. This move significantly bolsters Mubadala\u2019s pharmaceutical investments on both a regional and global scale.<\/p>\n
Additionally, a MoU was signed between Morocco\u2019s Dolidol and the UAE\u2019s Intercoil. This collaboration aims to expand manufacturing capabilities for mattresses and foam production in the UAE.<\/p>\n
These new projects underscore the commitment of the member countries of\u00a0the Integrated Industrial Partnership for Sustainable Economic Development\u00a0to achieving sustainable economic development. They aim to accelerate economic growth, support sustainability, and enhance collaboration in economic and investment initiatives. The initiatives are expected to create new job opportunities, strengthen food and industrial security, and foster innovation across crucial and advanced industries. Collectively, these efforts represent significant strides toward establishing the region as a leading global hub for industrial investment.<\/p>\n
During the Higher Committee meetings, a comprehensive review of the partnership\u2019s achievements was conducted. His Excellency Omar Al Suwaidi, Secretary-General of the tripartite higher committee and Undersecretary of the Ministry of Industry and Advanced Technology in the UAE, presented a detailed report outlining the outcomes, which included the successful implementation of strategic projects and support for vital sectors across member countries. The meeting also provided updates on ongoing projects and discussed the future work plan, aimed at further enhancing regional cooperation and contributing to sustainable development.<\/p>\n
Member countries reviewed their competitive advantages, which include advanced infrastructure, supportive policies, and investment incentives designed for investors. They highlighted promising investment opportunities in strategic sectors, demonstrating the commitment of the partnership\u2019s countries to attract industrial investments and create a favorable investment environment that fosters regional economic integration.<\/p>\n
Four industrial companies were honored by the attending ministers for their significant contributions in supporting the the Integrated Industrial Partnership for Sustainable Economic Development: The UAE\u2019s Global Pharma and Jordan\u2019s Savvy Pharma were recognized for their outstanding efforts in pharmaceutical research and development among member countries. Emirates Steel and Bahrain Steel were acknowledged for their essential role in the supply of raw materials, as agreed in the previous Higher Committee meeting held in Bahrain in January 2024.<\/p>\n
The ministers encouraged other participating private sector companies present to follow the example set by these distinguished companies. They emphasized the importance of enhancing contributions to partnership projects and leveraging the competitive advantages provided by this initiative to promote sustainable development and advance vital sectors that benefit the member countries.<\/p>\n
HE Dr. Al Jaber began his speech by extending greetings from His Highness Sheikh Mohammed bin Zayed Al Nahyan, President of the UAE, and conveying his wishes for continued success in achieving the shared goals of the partnership\u2019s countries. He emphasized that this partnership embodies a unified vision focused on enhancing sustainable economic development and strengthening complementary relations among member countries by leveraging their competitive advantages and the significant potential of the partnership.<\/p>\n
HE Dr. Al Jaber also expressed his gratitude to Qatar for hosting the fifth Higher Committee meeting and welcomed the inclusion of Qatar and T\u00fcrkiye into the partnership, highlighting their roles in advancing the collective goals of the initiative.<\/p>\n
HE Dr. Al Jaber said: \u201cWe welcome the inclusion of Qatar and T\u00fcrkiye in\u00a0the Integrated Industrial Partnership for Sustainable Economic Development, and we are confident that this step will bolster the common interests of all members, especially considering the industrial and economic standing of both countries. Their extensive track record of success across various sectors, particularly in the industrial field, plays a crucial role in supporting investment opportunities both regionally and globally.\u201d<\/p>\n
His Excellency also expressed gratitude to the Executive Committee and the working teams from the member countries for their dedicated efforts in overseeing the implementation of work plans, reviewing the latest project developments, and organizing workshops for the private sector. He noted that these efforts have led to tangible progress in achieving the partnership\u2019s objectives and fostering cooperation among member countries.<\/p>\n
HE Dr. Al Jaber added: \u201cThe Integrated Industrial Partnership for Sustainable Economic Development\u00a0is a remarkable success story that began in Abu Dhabi in May 2022. It has already transformed several agreements signed during previous meetings into tangible projects that we are now witnessing come to fruition. We are pleased to observe today the announcement of several new projects and agreements in key priority sectors, valued at over USD 2 billion.\u201d<\/p>\n
He emphasized that these projects contribute to the integration of expertise and capabilities among the partnership\u2019s countries, helping to build a sustainable common industrial base by leveraging each country\u2019s competitive advantages. Furthermore, these initiatives support supply chain resilience, reduce production costs, foster research and development, enhance the qualification of national competencies, and create thousands of job opportunities. Ultimately, they contribute to achieving the strategic goals of the partnership while fostering industrial growth and regional cooperation.<\/p>\n
HE Sheikh Al Thani<\/strong>\u00a0said: \u201cThe Integrated Industrial Partnership for Sustainable Economic development represents a strategic step towards enhancing industrial collaboration and integration among our countries by aligning key industrial sectors and establishing joint initiatives that contribute to improving the competitiveness and sustainability of the industrial sector.\u201d<\/p>\n He added: \u201cQatar joining the partnership is a significant leap that reflects our strong commitment to enhancing industrial cooperation within the region. We are confident that this partnership will play a fundamental role in supporting sustainable development efforts by providing outstanding investment opportunities and fostering cooperation within the private sector. Moreover, Qatar\u2019s substantial economic potential and smart infrastructure will be instrumental in achieving the partnership\u2019s objectives and accelerating economic growth.\u201d<\/p>\n HE Kac\u0131r<\/strong>\u00a0said: \u201cFor T\u00fcrkiye, strategic synergy between industrial innovation accumulated by national technology initiative, and effective global cooperation is among the key priorities. To this end, joining this partnership will not only provide strategic collaboration opportunities for our industries but also promote technological advancement and create new endeavors for sustainable economic development in our region. I believe this partnership will serve as a catalyst for enhancing regional collaboration by improving industrial capabilities and building greater value-chain resilience.\u201d<\/p>\n HE Fakhro<\/strong>\u00a0expressed his gratitude to Qatar for the warm welcome and the organization of the meetings. He welcomed the inclusion of Qatar and T\u00fcrkiye into this industrial alliance, which has evolved into a regional economic center that enhances industrial integration, particularly in advanced sectors such as petrochemicals, automotive, aviation, and electronics. Fakhro emphasized the Bahrain government\u2019s commitment to support manufacturers participating in this partnership by providing the necessary facilities, aligning with the Industrial Sector Strategy (2022-2026) aimed at enhancing regional industrial integration.<\/p>\n He added: \u201cThe commitment of countries in the alliance and quality projects developed in cooperation with the private sector reflect our firm belief in the importance of industrial integration and the development of supply chains to achieve economic diversification and increase the competitiveness of the industrial sector in the region. We encourage the private sector to seize these opportunities to expand production lines, reduce costs, and enhance the sustainability of supply chains.\u201d<\/p>\n HE Al-Qudah<\/strong>\u00a0said: \u201cWe are delighted with today\u2019s meeting as parties to an industrial partnership that was launched as a tripartite initiative in 2022 and has now expanded to a seven-party partnership with the accession of Qatar and T\u00fcrkiye. These two enriching members add diversity in natural resources and capabilities, as well as richer ideas and strategic directions, which will allow us to come together for build a more prosperous region.\u201d<\/p>\n HE Al-Qudah added that the current challenge is to sustain and institutionalize the measures taken by member countries to recover. He outlined two crucial levels for action: first, at the national level, through economic and administrative legislation, enabling tools, and supportive regulatory structures; and second,<\/p>\n <\/p>\n at the regional level, by fostering economic integration that harnesses benefits to establish joint projects and facilitate trade exchange without obstacles. He concluded that these measures will contribute to a proactive approach based on strengthening economic and social resilience through both internal and external strategies.<\/p>\n HE Al-Qudah said that the Jordanian government, under the guidance of His Majesty King Abdullah II bin Al-Hussein of the Hashemite Kingdom of Jordan and in partnership with the private sector, is working to empower Jordanian manufacturers. The goal is to enable them to play a more significant role in the partnership alongside their counterparts in member countries.<\/p>\n He added: \u201cOur economic policies and legislation are focused on fostering collaboration with regional states. This includes the Investment Environment Law, which offers incentives and exemptions to investors, supports energy costs, accelerates procedures, and ensures equal treatment for both Jordanian and non-Jordanian investors.\u201d<\/p>\n HE Lieutenant General Al Wazir<\/strong>\u00a0said: \u201cPartnership and industrial integration between our countries is no longer an option, but rather an urgent necessity to enhance our competitiveness in global markets and achieve comprehensive development.\u201d<\/p>\n He added: \u201cIn a world characterized by accelerating economic, technological and geopolitical changes, cooperation among our countries is the most effective way to overcome challenges and capitalize on available opportunities in sustainable industries. These industries align with global trends and aim to reduce carbon emissions and preserve natural resources. This approach will help maximize the benefits derived from available resources and create new job opportunities, in line with each country\u2019s strategy and goals.\u201d<\/p>\n HE Mezzour<\/strong>\u00a0said: \u201cThe Integrated Industrial Partnership for Sustainable Economic Development embodies the ambition of our countries to enhance integration and collaboration with the goal of building a strong economic alliance. This alliance aims to ensure the security of supply chains and enhance value chains between our nations, as well as to launch industrial partnership projects with high added value.\u201d<\/p>\n He added: \u201cBy unifying our efforts and investing in the potential of integration between our resources and industries, we are working to enhance competitiveness and innovation in our industrial sectors, ultimately achieving sustainable industrial growth.\u201d<\/p>\n Executive Committee Meetings<\/strong><\/p>\n Doha hosted the meetings of the Executive Committee of the Industrial Partnership for Sustainable Economic Development, where participants discussed the latest developments in ongoing projects and proposals for new projects. These discussions included collaborations with companies in various sectors, such as food, agricultural technology, minerals, chemicals, pharmaceuticals, electrical equipment, sustainability, and more.<\/p>\n","protected":false},"excerpt":{"rendered":" The fifth meeting of the Higher Committee for Integrated Industrial Partnership for Sustainable Economic Development commenced on Sunday in Doha, the capital of Qatar. The meeting was attended by several key officials, including: His Excellency Dr. Sultan Ahmed Al Jaber, Minister of Industry and Advanced Technology in the UAE; His Excellency Sheikh Faisal bin Thani […]<\/p>\n","protected":false},"author":3,"featured_media":6128,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[39,130,43,111,15],"tags":[11426,11430,1000,6547,11434,3572,11428,11432,5752],"class_list":["post-6124","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-economy-en","category-featured-en","category-finance-investment-en","category-mou-partnerships-en","category-press-releases","tag-higher-committee-for-integrated-industrial-partnership","tag-industrial-cooperation","tag-investment","tag-partnership","tag-public-private-partnership","tag-qatar","tag-sustainable-economic-development","tag-trade-agreements","tag-turkiye"],"yoast_head":"\n