A complementary partnership between Egypt, UAE, Jordan & Bahrain
4 Arab countries (Egypt, UAE, Jordan & Bahrain) signed 12 agreements in 9 integrated industrial projects with an investment value of more than $ 2 billion in the sectors of agriculture, pharmaceuticals, metals, chemicals, and electric cars.
The Egyptian Cabinet said in a statement on Sunday that the signing of the agreements came after the third meeting of the ‘Higher Committee for Integrated Industrial Partnership for Sustainable Economic Development’, which was hosted by the Jordanian capital Amman for two days.
The Higher Committee for Integrated Industrial Partnership for Sustainable Economic Development adopted the recommendations and report of the Executive Committee, where the projects agreed upon contribute to increasing domestic production in the partner countries with a value of more than $ 1.6 billion and creating about 13,000 direct and indirect jobs.
Summary of the 9 Integrative Industrial Projects
The projects included the announcement by the Egyptian company “Soda for Chemical Industries” of an investment of $ 500 million, to produce sodium carbonate “soda ash”, which represents the main raw material in many industries, the most important of which is the glass and detergent industry, with a production capacity of 500 thousand tons per year. A Memorandum of Understanding (MoU) for a strategic partnership was signed with Emirates Float Glass Company, owned by Dubai Investments, to purchase the final product.
A USD 550 mn project by United Arab Emirates automaker M Glory Holding has been announced to establish three integrated electric vehicle factories with specialized production and assembly lines in the UNITED ARAB EMIRATES, Jordan, and Egyptian, with a production capacity of 40,000 crossover components in the first three years.
An MoU was signed with the Jordanian Center for Design and Development Judeby and the Arab Organization for Industrialization in Egyptian as manufacturing partners and a memorandum of understanding with the Bahraini company GARMCO to supply aluminum sheets necessary for manufacturing, where accelerating the adoption of the electric car manufacturing project, and relying on alternative energy sources, is one of the models that the partner countries are working to adopt, in a way that enhances sustainability in resources and industries, and provides environmental solutions, with the climate challenges that the world stands in front of, in particular, and that the UNITED ARAB EMIRATES hosts the Conference of the Parties to the Convention United Nations Framework for Climate Change (COP28) where the United Arab Emirates will lead global efforts to develop practical solutions to the challenges of climate change.
The meeting witnessed the announcement of the project of CFC Feed and Chemicals Company, owned by Emirati investors, to establish an industrial complex for feed and chemicals in the Egyptian Arab Republic, with an investment size of $ 400 million, where a memorandum of understanding was signed to supply potash with the Arab Potash Company in Jordan, and the supply of phosphate from Misr Phosphate Company, and the land was allocated and the ‘Golden License’ was obtained, and it is planned to start contracting work to establish the plant in July 2023 to reach a total capacity of half a ton per year for feed supplements Animals and potash fertilizers, and 1.1 tons per year for chemicals. It is worth mentioning that the CFC School of Applied Sciences was established next to the factory grounds, which will begin in September this year to receive middle school students to prepare technical cadres for the company’s benefit.
An MoU was signed with the Jordanian Center for Design and Development Judeby and the Arab Organization for Industrialization in Egyptian as manufacturing partners and a memorandum of understanding with the Bahraini company GARMCO to supply aluminum sheets necessary for manufacturing, where accelerating the adoption of the electric car manufacturing project, and relying on alternative energy sources, is one of the models that the partner countries are working to adopt, in a way that enhances sustainability in resources and industries, and provides environmental solutions, with the climate challenges that the world stands in front of, in particular, and that the United Arab Emirates hosts the Conference of the Parties to the Convention United Nations Framework for Climate Change (COP28) where the United Arab Emirates will lead global efforts to develop practical solutions to the challenges of climate change.
Manaseer Group of Jordan has decided to expand the Jordan Magnesia plant with a value of $ 70 million, to add two magnesium hydroxide units in addition to calcium chloride products in Jordan with a total production capacity of 270 thousand tons per year, to be exported to the United Arab Emirates, and an agreement of understanding was signed with Emirates Global Aluminium Company (EGA) to purchase the final product of the plant as a raw material for the aluminum industry, and it is expected to start producing magnesium hydroxide during the current year, and calcium chloride in 2024.
The UAE Global Pharma has signed a technology transfer partnership with the Egyptian company Nerhado to work on developing advanced manufacturing technology for the production of medicines and nutritional supplements in the United Arab Emirates, in addition to concluding a technology transfer partnership with two Jordanian companies, Safi Pharma Pharmaceutical Industries, in the field of research and development of value-added medicines and to expand manufacturing and production, with a total investment value of $ 60 million for the two projects, and a production capacity of 5 million packages per year for all products, and it is scheduled to complete The project and product launch by the end of 2023.
Jordan’s Itqan announced a technology transfer and manufacturing contract partnership with United Arab Emirates’ Global Pharma and Adkan Pharma to manufacture injections, aerosols, and inhalers, and a memorandum of understanding with the Egyptian technology transfer company Markerel in the field of manufacturing biosimilars in Jordan with a total investment value of $ 10 million, and the project is planned to be completed and the products launched in the fourth quarter of next year.
Bahrain’s Alpha Biotech announced the signing of an (MoU) for technology and knowledge transfer and contract manufacturing with Itqan Pharma of Jordan to manufacture general preparations, oncology preparations, medical solutions, and other pharmaceutical products with a production capacity of 350 million pills annually and a total investment value of $ 174 million for the first and second phases of the project.
A project by Bahrain’s Gulf Biotech to establish a plant to produce raw materials for vaccines and the final product with an investment of $ 103 million and a production capacity of 105 million doses per year was announced, and a technology transfer agreement was previously signed this month with the Egyptian company BioGeneric Pharma.
Industrial Partnership Updates
Omar Al Suwaidi, Undersecretary of the UAE of Industry and Advanced Technology and Chairman of the Executive Committee of the Partnership, gave a presentation on the most prominent developments regarding the industrial partnership, the findings of the workshops on the targeted sectors, industrial investment opportunities, and priority projects, and the most prominent aspirations during the coming period to develop this partnership.
He pointed out that more than 100 companies participated in workshops for the metals, textiles, and petrochemicals sectors, which were held by sector work teams from partner countries during the past six months, in addition to receiving 35 proposals from companies for new projects in various partnership sectors, and the latest developments of the proposals were discussed with the private sector in the workshops of the Executive Committee held in the Jordanian capital, Amman, in addition to studying the enablers of the agriculture, food, fertilizers, and medicines sectors and preparing an implementation plan for priority enablers.
Al Suwaidi said it was agreed to start studying a mutual recognition agreement for medicines between the UAE and Jordan.
He stressed that the committee is studying the feasibility of projects and their economic impact in all sectors, and the opportunities and possibility of integration and strengthening partnerships in cooperation with the private sector and will continue to search for new potential projects and evaluate and enable the projects under study, including the feasibility of establishing a fertilizer plant in Jordan estimated at a cost of about $ 800 million.
The Executive Committee of the Integrated Industrial Partnership for Sustainable Economic Development held a meeting on Saturday in the Jordanian capital Amman, in which it prepared its recommendations and report to be submitted to the Higher Committee for Partnership for final approval and approval, and discussed several potential projects in the targeted sectors, and listened to representatives of industrial companies who presented proposed projects, in the partnership sectors, for implementation.
The upcoming meeting in Bahrain
Bahrain’s capital will host the fourth meeting of the Higher Committee for the Integrated Industrial Partnership for Sustainable Economic Development, where more joint projects will be discussed.
The first meeting of the Supreme Committee for the Integrated Industrial Partnership for Sustainable Economic Development was held in the United Arab Emirates’ capital, Abu Dhabi. The meeting discussed accelerating the pace of industrial integration opportunities and enhancing cooperation by involving more sectors, in addition to the 5 main sectors of agriculture, food and fertilizers, pharmaceuticals, textiles, minerals, and petrochemicals.