{"id":87955,"date":"2024-01-15T00:00:00","date_gmt":"2024-01-15T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/emirati-manufacturers-sign-usd-2-2-bn-projects-with-bahraini-jordanian-firms\/"},"modified":"2024-01-15T00:00:00","modified_gmt":"2024-01-15T00:00:00","slug":"emirati-manufacturers-sign-usd-2-2-bn-projects-with-bahraini-jordanian-firms","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2024\/01\/15\/emirati-manufacturers-sign-usd-2-2-bn-projects-with-bahraini-jordanian-firms\/","title":{"rendered":"Emirati manufacturers sign USD 2.2 bn projects with Bahraini, Jordanian firms"},"content":{"rendered":"

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

Refresher: <\/strong>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.<\/p>\n

#1- Bahrain Steel to provide Emirates Steel with USD 2 bn iron ore: <\/strong>Bahrain-based Foulath<\/a>Holding Group<\/a> \u2019s subsidiary, Bahrain Steel company, inked a USD 2 bn agreement to supply Emirates Steel Company<\/a> with 2 mn tons of iron ore pellets over five years, according to Wam.<\/p>\n

#2-<\/strong>W Motors to set up EV plant in Jordan: <\/strong>Dubai-based W Motors<\/a>, a strategic partner of EV manufacturer NWTN Motors<\/a>, will partner with Jordanian energy and mobility firm Manaseer<\/a>Group<\/a> to establish an EV factory in Jordan with a total investment of USD 80 mn. <\/p>\n

#3- The <\/strong>Industry and Advanced Technology Ministry<\/a><\/strong> signed an MoU with Bahrain\u2019s<\/strong> Industry and Commerce Ministry<\/strong> to cooperate on local production programs, leveraging the in-country value initiative aimed at bolstering the contribution of local industries and supporting local manufacturers. <\/p>\n

Morocco\u2019s in: <\/strong>The UAE welcomed Morocco\u2019s decision to join the Integrated Industrial Partnership \u201cgiven its leading industrial and economic status, and achievements across various sectors \u2013 particularly industry \u2013 which is vital to supporting investment opportunities,\u201d Industry and Advanced Technology Minister Dr. Sultan bin Ahmed Al Jaber said. <\/p>\n

Sound smart: <\/strong>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.<\/p>\n","protected":false},"excerpt":{"rendered":"

Emirates Steel will purchase 2 mn tons of raw iron from Bahraini steel producer for USD 2 bn<\/p>\n","protected":false},"author":1,"featured_media":87956,"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":[1545],"tags":[595,1413,7,1412,64,61],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-87955","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-manufacturing","tag-bahrain","tag-emirates-steel","tag-enterpriseam-uae","tag-jordan","tag-manufacturing","tag-steel","wpautop","entry"],"acf":{"mongo_id":"3f9a41e0-8f98-4b4e-8a1a-fa0b08a4cd4d","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/1\/846.jpeg","photo_position":"above","homepage_title":"","full_issue_title":"Emirati manufacturers sign USD 2.2 bn projects with Bahraini, Jordanian firms","related_issue":[87940],"teaser":"Emirates Steel will purchase 2 mn tons of raw iron from Bahraini steel producer for USD 2 bn","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/1\/.ceaf5ee3-95ac-4791-a635-e8bbffeb29ff.mp3"},"yoast_head":"\nEmirati manufacturers sign USD 2.2 bn projects with Bahraini, Jordanian firms - 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