The State of Qatar has officially joined the integrated industrial partnership for sustainable economic development, thus becoming the sixth country in this pioneering initiative. This joining comes within the framework of Qatar’s strategic vision to support sustainable development and enhance industrial integration with brotherly and friendly countries, which opens new horizons for investment and joint cooperation. In a move that reflects its permanent commitment to enhancing economic and industrial cooperation. And Doha hosted yesterday, the meeting of the Supreme Committee for the Integrated Industrial Partnership for Sustainable Economic Development, headed by His Excellency Sheikh Faisal bin Thani bin Faisal Al Thani, Minister of Trade and Industry, and the participation of His Excellency the Secretary -General of the integrative industrial partnership, and the owners of His Excellency and His Excellency the ministers of industry in the member states from the Gulf Cooperation Council and the countries Arab and regional.
The meeting witnessed the announcement that the State of Qatar joined the integrated industrial partnership for sustainable economic development, thus becoming the sixth country joining this partnership, which includes the Emirates, Jordan, Egypt, Bahrain and Morocco, and this joining comes within the framework of the strategic vision of the State of Qatar and its constant keenness on Enhancing cooperation and partnership with brotherly and friendly countries, which contributes to supporting sustainable development efforts and enhancing industrial cooperation and integration between the countries of the region.
During the meeting, the importance of the State of Qatar to join this partnership was emphasized, as it is a new qualitative addition to the growth and expansion of the scope of “integrative industrial partnership”, due to the competitive advantages and huge economic capabilities and advanced infrastructure of Qatar, which will contribute to supporting joint projects that enhance growth National economies stimulate industrial and trade cooperation between member states in order to achieve the goals of the strategic economic partnership.
The meeting reviewed the pivotal role that Qatar will play in achieving the goals of the integrated industrial partnership by encouraging the private sector, providing investment opportunities, facilitating the free flow of capital and merchandise movement between the states of the parties, in addition to strengthening intraocular trade between member states in the various partnerships.
Representatives of the member states welcomed the joining of the Turkish Republic to the integrated industrial partnership, which constitutes an added value to the initiative, given the great and promising capabilities of the Turkish economy. It was emphasized that this expansion reflects the commitment of member states to enhance joint industrial cooperation in a way that benefits all member states, and enhances achieving the development goals of the development partnership.
During the meeting, a number of agreements between the private sector were signed in member states with the aim of enhancing bilateral cooperation in a group of sectors, including agriculture, food, fertilizers, medicines, tissues and clothing, chemicals, plastic, manufacturing and metal products.
His Excellency Sheikh Faisal bin Thani bin Faisal Al Thani, Minister of Trade and Industry, stressed during his speech at the meeting that Qatar’s accession represents the beginning of a new stage of industrial cooperation and economic integration. He added that the industrial sector is one of the main pillars of economic growth and the creation of job opportunities, noting that coordination between member states in the priority industrial sectors will contribute to enhancing competitiveness and economic sustainability.
His Excellency also stressed that Qatar is committed to supporting sustainable development efforts in the region by enhancing manufacturing, developing supply chains, and achieving industrial integration between member states, praising Turkey’s accession to this initiative because of this positive impact on enhancing investment and industrial cooperation between countries Participation.
Qatar’s accession to the integrative industrial partnership is a strategic step that will enhance its position as a major player in regional economic cooperation. The entry of Turkey to this partnership increases its potential to achieve sustainable development and industrial integration between member states, which indicates that the region is heading towards a new stage of industrial and investment cooperation, which will enhance its countries’ ability to achieve economic sustainability and global competitiveness.
Bilateral meetings with the ministers participating in the meeting
His Excellency Sheikh Faisal bin Thani bin Faisal Al Thani, Minister of Trade and Industry, held a series of bilateral meetings with Excellencies and His Excellency the ministers participating in the meeting of the Supreme Committee for the Integrated Industrial Partnership for Sustainable Economic Development, on the sidelines of the work of the committee that was held yesterday in Doha.
His Excellency met with His Excellency the team, Kamel Al -Wazir, Deputy Prime Minister for Industrial Development, Minister of Industry and Transport in the Arab Republic of Egypt, His Excellency Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology in the United Arab Emirates, and His Excellency Mr. Abdullah bin Adel Fakhro, Minister of Industry and Trade in the Kingdom of Bahrain, and His Excellency Engineer Ya`bah Al -Qudah, Minister of Industry, Trade and Supply in the Hashemite Kingdom of Jordan, His Excellency Mr. Riyad Mazour, Minister of Industry and Trade in the Kingdom of Morocco, and His Excellency Mr. Mohamed Fateh Kajer, Minister of Industry and Technology in the Turkish Republic.
During these meetings, a number of issues of common concern were discussed, in addition to discussing the frameworks of strengthening the integrative partnership during the coming period.
Al -Jaber: The joining of Qatar and Turkey is a qualitative and important addition
Dr. Sultan bin Ahmed Al -Jaber, Minister of Industry and Advanced Technology in the United Arab Emirates, said that Qatar and Turkey’s accession to the integrated industrial partnership group is a large and important addition, given the economic and industrial capabilities owned by Doha and Ankara, in addition to the advanced infrastructure, which is from It will enhance the level of industrial integration between the countries of the group.
Al -Jaber revealed that the volume of investments established and is being implemented has so far amounted to $ 2.6 billion, covering a group of vital sectors and supply chains.
The Emirati minister stressed that the new projects are an explicit evidence of the success and continuity of this partnership, which shows the role of the private sector in strengthening the economy, calling on all companies to benefit from these opportunities, and the initiative to present new integrative projects.
The full minister: the best way to overcome challenges and invest opportunities
The team is the engineer of Kamel, the Minister, the Deputy Prime Minister for Industrial Development, Minister of Industry and Transport in the Arab Republic of Egypt, said that the partnership and industrial integration between the partnership countries is no longer an option, but rather it has become an urgent necessity to enhance our competitiveness in global markets, and to achieve comprehensive development in light of a world characterized by accelerating economic and technological changes The geopolitical, which makes cooperation between the partnership countries, is the best way to overcome challenges and invest opportunities available in sustainable industries, which are in line with global trends.
He pointed out that the size of the trade countries trade with the world amounted to about 2.1 trillion dollars in 2023, of which only 8.7% are a commercial exchange between the partnership countries, which confirms the existence of a great opportunity to increase the volume of trade exchange, by increasing the volume of joint investments in the industrial sector in Partnership countries, to benefit everyone.
Signing 6 agreements between the private sector
A group of strategic agreements were signed between private sector companies, which aim to enhance cooperation and investment in various sectors within the umbrella of the integrative industrial partnership for sustainable economic development.
The first agreement included a memorandum of understanding to cooperate in manufacturing and transfer technology in medicines between Global Pharma from the Emirates and Zenith Pharma from Morocco with 100 million dollars.
An agreement to supply the glass for the glass and silver mirrors was signed between the Emirates Glass and Al -Madinah Glass Company in Bahrain, at a value of 20 million dollars.
The third agreement included the supply of vehicle feed from the National Foundation for the Emirati Feed to the Qatari “Al Rayyan Horse Supplies” company with $ 15 million.
As for the fourth agreement, it included the supply of PET plastic packages to the National Dairy Company in the Emirates, from the “Industrial Corporation” in Jordan with $ 10 million.
And the fifth agreement between the company “ACC Capital” from the Emirates and the “Al -Jazeera Farms” company in Bahrain, to establish a microalgine factory of $ 10 million.
The sixth agreement between Africa Consorsium, and the Emirati Enticol Company to enhance manufacturing capabilities and investing in new production lines in the UAE.