{"id":84405,"date":"2025-02-12T00:00:00","date_gmt":"2025-02-12T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2025\/02\/12\/qatar-wraps-the-ipseg-summit-with-usd-2-bn-worth-of-agreements\/"},"modified":"2025-02-12T00:00:00","modified_gmt":"2025-02-12T00:00:00","slug":"qatar-wraps-the-ipseg-summit-with-usd-2-bn-worth-of-agreements","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2025\/02\/12\/qatar-wraps-the-ipseg-summit-with-usd-2-bn-worth-of-agreements\/","title":{"rendered":"Qatar wraps the IPSEG summit with USD 2 bn worth of agreements"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A slew of regional industrial cooperation agreements: <\/strong>Several regional players inked USD 2 bn worth of trade-oriented industrial cooperation agreements at the Higher Committee for Industrial Partnership for Sustainable Economic Growth (IPSEG) in Doha this week. The agreements cover manufacturing and supply agreements, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/bi4s049-qatar-t%C3%BCrkiye-join-regional-integrated-industrial\" style=\"\" rel=\"noopener\">Wam<\/a> reports. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>But first, what is IPSEG? <\/strong>The IPSEG initiative was launched by the UAE in 2022 to promote joint \u201cintegrated industrial projects\u201d between member countries via trade and the use of local components in manufacturing, according to its <a target=\"_blank\" href=\"https:\/\/uaeipseg-gov.org\/about.html\" style=\"\" rel=\"noopener\">website<\/a>. Launched with a USD 10 bn investment fund, IPSEG set its focus on key sectors: fertilizers, petrochemicals, pharma, textiles, minerals, agriculture and food products, and downstream procurement. Jordan, Egypt, and Bahrain were the first to join the initiative in 2022, and Qatar and Turkey recently joined, with the fifth summit marking their first meeting as member states.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Here is what we know about the trade-oriented supply ventures: <\/strong><\/p>\n<ul>\n<li><strong>Qatar <\/strong><strong>+ Bahrain ink steel supply agreement: <\/strong>Bahrain Steel inked a USD 1.27 bn agreement to supply the state-owned Qatar Steel with 5 metric tonnes of raw materials over a five-year period, according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/MOCIQatar\/posts\/pfbid02zLX8UUy8y5uGup4FAjvdTQPZHhUV95RLSy8nK3bsjLJrmBQ3v9JmVEYxWwsLhzCil?rdid=aKj2VRSbYtl4araW#\" style=\"\" rel=\"noopener\">statement<\/a>. The agreement aims to reduce reliance on imported raw materials to strengthen the local supply chain in both countries, <a target=\"_blank\" href=\"https:\/\/www.arabnews.com\/node\/2589689\/amp\" style=\"\" rel=\"noopener\">Arab News<\/a> reports.<\/li>\n<li><strong>Jordan, Egypt, and UAE ink plastics supply contract:<\/strong> Jordan\u2019s Exceed Industries and Egypt\u2019s Delta El Nile secured USD 10 mn contracts to supply PET plastic containers and plastic cups, respectively, to UAE\u2019s Hayatna-National Dairy. <\/li>\n<li><strong>UAE + Qatar partner up on animal feed supply: <\/strong>UAE\u2019s National Feed Factory signed a USD 15 mn agreement to supply animal feed to Qatar\u2019s Al Rayyan Horse Essentials. <\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Other notable agreements from the meeting: <\/strong><\/p>\n<ul>\n<li><strong>Egypt\u2019s GCA eyes UAE market with new plant: <\/strong>Egypt\u2019s Giza Cable Accessories (GCA) is planning to develop a USD 7 mn new facility in the UAE that aims to produce cable accessories and electrical connectors;<\/li>\n<li><strong>A UAE and Morocco pharma partnership: <\/strong>UAE\u2019s Globapharma inked a USD 50 mn partnership agreement with Morocco\u2019s Zenith Pharma that will see the pair cooperate on tech transfers, manufacturing, and licensing of pharma products and treatments;<\/li>\n<li><strong>A mattress production partnership: <\/strong>Morocco\u2019s Dolidol signed a USD 55 mn partnership agreement with UAE\u2019s Intercoil that will see the pair cooperate on expanding mattresses and foam production in UAE and Saudi and explore sustainability and R&D partnerships. <\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>IPSEG initiative was launched in 2022 to promote joint \u201cintegrated industrial projects\u201d between member countries<\/p>\n","protected":false},"author":1,"featured_media":84406,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[45],"tags":[212,49,44,39,150,153,32,129],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-84405","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment-watch","tag-bahrain","tag-egypt","tag-investment-watch","tag-jordan","tag-morocco","tag-qatar","tag-trade","tag-uae","wpautop","entry"],"acf":{"mongo_id":"156122c6-6fce-4c23-9822-f9e6dd1fc38a","order":"6","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/2\/1072.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Qatar wraps the IPSEG summit with USD 2 bn worth of agreements","related_issue":[84395],"teaser":"IPSEG initiative was launched in 2022 to promote joint \u201cintegrated industrial projects\u201d between member countries","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/2\/.f19ccc7e-9dea-4aee-832d-470ed0e787b7.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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