In a joint effort to promote sustainable economic development, the Ministry of Industry, Trade, and Supply partnered with the Ministry of Industry and Advanced Technology of the United Arab Emirates (UAE) to organize an introductory workshop on integrated industrial partnership. The initiative was carried out in cooperation with the Jordan Chamber of Industry (JCI) and Amman Chamber of Industry (ACI), with participation from Jordan, UAE, Egypt, and Bahrain. According to a ministry statement on Tuesday, the workshop’s primary objective was to acquaint the private sector with the goals and financial aspirations associated with this industrial partnership. “The comprehensive aims of this collaborative endeavor are to enhance coordination, foster cooperation, and facilitate strategic integration, ultimately benefiting the economies of all participating countries,” the statement added, explaining that by leveraging untapped potentials, the industrial partnership seeks to nurture key sectors, facilitate joint investments, and promote industrial integration, thereby supporting self-sufficiency and diversification of the economic landscape. Additionally, the workshop provided an opportunity to review the outcomes of three high-level committee meetings held previously in the UAE, Egypt, and Jordan. The meetings resulted in the signing of agreements spanning various sectors such as pharmaceuticals, food, chemicals, and automotive. Preparations are currently underway for an upcoming fourth meeting in Bahrain. The workshop played a pivotal role in introducing the Jordanian industrial sector to the concept of integrated industrial partnership, and shed light on the potential opportunities within Jordan and the involved countries. Attended by distinguished figures from Jordanian industrial sectors and representatives from local banks, the workshop served as a platform to showcase several investment prospects put forth by the Jordanian industry. These opportunities will be actively pursued and followed up by the partnership. Prominent contributors at the workshop also included Mashreq Bank, based in the UAE, which delivered a comprehensive presentation on financing and support mechanisms available for such partnerships. The Jordanian Banks Association also presented a series of initiatives specifically targeting the industrial sector. Furthermore, meetings were held between various Jordanian companies, Mashreq Bank, and local banks to explore potential avenues of collaboration.

Source: Jordan News Agency