Jordan Partakes In Higher Committee Meeting For Integrated Industrial Partnership In Doha

(MENAFN- Jordan News Agency)

Amman, Feb. 9 (Petra) – Minister of Industry, Trade, and Supply, Yarub Qudah, participated in the fifth meeting of the "Higher Committee for the Integrated Industrial Partnership for Sustainable Economic Development," which commenced on Sunday in Doha, Qatar. The meeting was attended by industry and trade ministers from the member states of the partnership.
During the sessions, several agreements were signed, and strategic projects worth over $2 billion were announced. These initiatives aim to enhance industrial integration among member states in sectors such as metallurgy, pharmaceuticals, plastics, healthy food production, biotechnology innovation, and the development of electrical and advanced technology industries.
The meeting also marked the announcement of Qatar and Türkiye joining the partnership, increasing the number of member states to seven within three years of the partnership's launch.
According to a statement from the Ministry, Qatar and Türkiye's accession strengthens the strategic development transformation of the initiative, which was launched in Abu Dhabi in 2022. This expansion reflects the shared ambition of partner states to enhance industrial integration, deepen cooperation, and build a resilient, competitive, and sustainable economy.
The ministry highlighted the importance of the "Integrated Industrial Partnership for Sustainable Economic Development," particularly amid rapid global changes. The initiative aims to strengthen supply chains and achieve self-sufficiency in strategic and priority industries. The accession of Türkiye and Qatar underscores the partnership's pivotal role as a driver of sustainable economic growth, innovation, and competitiveness.
Minister Qudah expressed pride in the expansion of the partnership, which began with three countries in 2022 and has now grown to seven, enriching it with diverse perspectives and strategic directions aimed at regional advancement.
He noted that the challenge now lies in sustaining and institutionalizing the measures adopted by member states. This involves national-level reforms in economic legislation, administrative frameworks, and regulatory support structures, alongside regional economic integration that leverages each country's comparative advantages to establish vital joint projects and facilitate seamless trade.
Qudah emphasized the importance of each country outlining its private sector's contributions within the partnership through supportive legislative and regulatory environments that promote joint projects and facilitate trade and service exchanges.
He added that the Jordanian government, under the directives and close monitoring of His Majesty King Abdullah II, is working in partnership with the private sector to prepare Jordanian industrial institutions for a more significant role within the industrial partnership. This includes adopting modern production techniques that optimize raw material and alternative energy use, enhancing product quality to meet target market standards, and improving global market penetration capabilities.
Qudah stated that Jordan's economic policy prioritizes deeper regional integration, as demonstrated by its Investment Environment Law, which offers incentives and exemptions to investors, supports energy costs, accelerates procedures, and ensures equal treatment for both Jordanian and foreign investors.
The committee reviewed the partnership's achievements over the past two and a half years since its launch in May 2022.
UAE Minister of Industry and Advanced Technology, Sultan Al Jaber, described the partnership as a unified vision aimed at fostering sustainable economic development and strengthening integration among member states by leveraging their unique competitive advantages.
Egypt's Minister of Industry and Transport, Major General Kamel Al-Wazir, stressed that industrial integration among regional countries is no longer an option but a necessity for enhancing global competitiveness and achieving comprehensive development.
Qatar's Minister of Commerce and Industry, Sheikh Faisal Al Thani, described the partnership as a strategic step toward industrial cooperation and integration, aligning priority industrial sectors and developing joint production strategies to enhance the competitiveness and sustainability of the industrial sector.
Turkish Minister of Industry and Technology, Mehmet Fatih Kac?r, noted that Turkey's participation will not only create strategic cooperation opportunities for Turkish industries but also support technological advancements and contribute to sustainable economic growth in the Middle East.
Bahrain's Minister of Industry and Trade, Abdullah Fakhro, emphasized the commitment of member states to attracting and developing high-value industrial projects in collaboration with the private sector. He called on businesses to capitalize on these opportunities to expand production lines, reduce costs, and strengthen supply chain resilience.
Moroccan Minister of Industry and Trade, Ryad Mezzour, highlighted the partnership's goal of fostering regional integration and cooperation to build a robust economic bloc, secure supply chains, and enhance value chains across partner states through high-value industrial projects.
The initiative currently includes Jordan, the UAE, Egypt, Bahrain, and Morocco, along with the newly joined Türkiye and Qatar.

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