UAE’s ADQ to sign $10 billion for investments in partnership with Egypt, Jordan

UAE’s Abu Dhabi state holding firm ADQ will sign on Sunday agreement of allocation an investment fund reaches $10 billion to build projects arising lined up partnership between Egypt and Jordan, the United Arab Emirates’ state news agency WAM reported.

This agreement resulted due to tripartite meeting today between Egypt’s Prime Minister Mostafa Madbouly and Jordan Prime Minister Bisher al-Khasawneh, where hosted by President of UAE Sheikh Mohamed bin Zayed. They sign the ‘industrial partnership for Sustainable Economic Growth,’ an agreement between the three countries. The partnership aims to support industrial integration among the three countries, according to WAM report. They emphasized that current global changes require strengthening economic partnerships among Middle Eastern countries.

“The discussions with the UAE and Jordan contributed to the agreement on the projects that will be implemented immediately after the signing of the Declaration of the Integrated Industrial Partnership. That step of the Integrated Industrial Partnership is an inspiring model in the region and raises the ceiling of hopes and aspirations for all Arab peoples,” Madbouly said on Saturday.