AMMAN —
Secretary-General of the
Ministry of Industry, Trade, and Supply Dana Al-Zoubi
said that five Jordanian projects have qualified for undergoing economic
feasibility studies, which will be implemented by the Higher Committee for
Integrated Industrial Partnership Projects for Sustainable Economic
Development, by Jordan, Egypt, UAE, and Bahrain, according to Al-Ghad News.
اضافة اعلان
Zoubi said that the
five projects were selected from among 12 that the higher committee had chosen
in the first stage out of 87 proposed projects submitted by the governments of
Jordan, Egypt, and UAE, before Bahrain joined it.
The value of the
initial investment in these five projects is about $3.4 billion; it will be
secured in partnership with the private sector and the UAE Investment Fund,
which was allocated $10 billion by the ADQ Holding Company.
According to
Zoubi, the five Jordanian projects are in the field of agriculture, food,
fertilizer, and medicine. They will be approved if they pass several stages,
which include completing an economic feasibility study, showing readiness at
the current stage, and the expected output.
The five projects,
if approved, will be implemented in Jordan; they may take months, and may even
extend to two years, depending on the nature of the project.
The
Higher Committee for Integrated Industrial Partnership
is assigned a set of tasks to ensure a sustainable economic development, most
notably by enabling the private sector entities to implement partnership
investment projects by involving companies interested in investing in the main
sectors in the four participating countries.
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