Bahrain: The Kingdom of Morocco has joined the Industrial Partnership for Sustainable Economic Development, becoming the fifth country to be part of the partnership.
The fourth meeting of the Higher Committee of the partnership started in Manama, Bahrain, in the presence of Shaikh Khalid bin Abdulla Al Khalifa, Deputy Prime Minister of the Kingdom of Bahrain.
The partnership aimed to strengthen regional industrial integration. The meetings were held with the participation of Mr. Abdullah bin Adel Fakhro, Bahrain’s Minister of Industry and Commerce; Dr. Sultan bin Ahmed Al Jaber, the Minister of Industry and Advanced Technology; Engineer Ahmed Samir Saleh, Egypt’s Minister of Industry and Trade; Mr. Yousef Al Shamali, Jordan’s Minister of Industry, Trade, and Supply; and Mr. Riyad Mazour, Morocco’s Minister of Industry and Trade.
The Executive Committee of the Industrial Partnership for Sustainable Economic Development held meetings with officials, including industry and trade undersecretaries from the partner countries, on January 10, 2024, to discuss the progress of current projects and new proposals.
The industrial partnership has received robust support from member countries since its launch in Abu Dhabi in May 2022. President Sheikh Mohamed bin Zayed Al Nahyan praised the partnership’s role as a framework for cooperation and integration in the region, accelerating sustainable development, strengthening crisis resilience, and increasing self-sufficiency in critical areas such as food, health, energy, and industry, among others. The launch ceremony was witnessed by Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister, and Minister of the Presidential Court; Dr. Bisher Al-Khasawneh, Prime Minister of Jordan; and Dr. Moustafa Madbouly, Prime Minister of Egypt.
During the meeting, UAE’s W Motors, the strategic partner of NWTN Motors, and Jordan’s Manaseer Group signed an agreement to establish an electric car manufacturing plant in Jordan, with an investment value of $80 million.
A MoU was also signed between the UAE’s Ministry of Industry and Advanced Technology (MoIAT) and Bahrain’s Ministry of Industry and Commerce leveraging the UAE’s National In-Country Value (ICV) Program. The initiative is aimed at sharing best practices with respect to local content programs.