UAE $10 billion investment in Jordan and Egypt is a game-changer - analysis

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Title : UAE $10 billion investment in Jordan and Egypt is a game-changer - analysis
Link : UAE $10 billion investment in Jordan and Egypt is a game-changer - analysis

The UAE will allocate $10 billion in an investment fund linked to Egypt and Jordan in an important development that was unveiled on Sunday.

According to Khaleej Times, the investment fund will be called the Industrial Partnership for Sustainable Economic Growth. The fund matters because regional investment linking these countries together also relates to the larger context of peace and security in the region because Egypt, the UAE and Jordan all have peace with Israel. Insofar as those countries work together it matters because they share interests in the region.

According to the reports at The National, “a $10 billion investment fund has been allocated and managed by holding company ADQ to accelerate work on the partnership across five priority sectors, Dr Sultan Al Jaber, Minister of Industry and Advanced Technology, said in a joint conference on Sunday in Abu Dhabi.”

“The partnership identified five sectors of mutual interest to the three countries."
The National

The report adds that “The partnership identified five sectors of mutual interest to the three countries including petrochemicals; metals, minerals and downstream products; textiles; pharmaceuticals and agriculture, food and fertilizers.” This will mean the possibility of joint large industrial projects, job opportunities and a view of diversifying the economies of the three countries. READ MORE