Emirati manufacturers inked five agreements with Bahraini and Jordanian companies during a committee meeting of the Industrial Partnership for Sustainable Economic Development held in Manama, Bahrain. The projects and export agreements have a total value of about USD 2.2 bn, state news agency Wam reports.

Refresher: The UAE, Egypt, Bahrain, and Jordan set up an industrial partnership in 2022 in a bid to support industrial growth and strengthen regional supply chains.

#1- Bahrain Steel to provide Emirates Steel with USD 2 bn iron ore: Bahrain-based FoulathHolding Group ’s subsidiary, Bahrain Steel company, inked a USD 2 bn agreement to supply Emirates Steel Company with 2 mn tons of iron ore pellets over five years, according to Wam.

#2-W Motors to set up EV plant in Jordan: Dubai-based W Motors, a strategic partner of EV manufacturer NWTN Motors, will partner with Jordanian energy and mobility firm ManaseerGroup to establish an EV factory in Jordan with a total investment of USD 80 mn.

#3- The Industry and Advanced Technology Ministry signed an MoU with Bahrain’s Industry and Commerce Ministry to cooperate on local production programs, leveraging the in-country value initiative aimed at bolstering the contribution of local industries and supporting local manufacturers.

Morocco’s in: The UAE welcomed Morocco’s decision to join the Integrated Industrial Partnership “given its leading industrial and economic status, and achievements across various sectors – particularly industry – which is vital to supporting investment opportunities,” Industry and Advanced Technology Minister Dr. Sultan bin Ahmed Al Jaber said.

Sound smart: Morocco has for more than a decade now been on an industrialization drive that has seen it emerge as a regional powerhouse in industries including car assembly, parts manufacturing, and aeronautics and is now home to global manufacturers giants including Renault and Boeing.

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