CAIRO - 14 March 2023: A recent study issued by the Egyptian Center for Thought and Strategic Studies confirmed that the economic closure policies accompanying the containment of the Corona epidemic had a significant impact on re-changing the way of thinking about the distribution of the industrial map globally from Chinese centralization to decentralization in different geographical regions between the countries of the world, and the Arab world had a role in this thinking.
The study indicated that this global crisis contributed to accelerating the pace of the countries of the Arab world seeking to achieve industrial integration among their countries.
In order to achieve this goal, the Higher Committee for Integrated Industrial Partnership for Sustainable Economic Development was formed, which includes representatives from Egypt, the UAE, Jordan and Bahrain, headed by the ministers of industry in those countries.
This partnership is based on 5 main goals, which are achieving sustainable economic growth, flexible, capable and reliable supply chains, the ability to develop competitive industries at global levels, strengthening the role of the manufacturing sector and its contribution to the countries’ gross domestic product, and promoting the growth and integration of value chains and trade between countries. quarter to.
She pointed out that this committee held its third meeting in February of this year (2023), which resulted in the signing of 12 agreements between Jordan, the UAE, Egypt and Bahrain, including 9 integrated industrial projects in 6 sectors: the agricultural sector, medicines, minerals, chemicals and cars. Electrical and waste management projects with a total value of $2 billion.
The projects are expected to contribute to increasing the gross domestic product in the partnership countries by more than $1.6 billion, and to create about 13,000 direct and indirect job opportunities in the four countries.