Bahrain & UAE organize Integrated Industrial Partnership workshop


Manama, June 19 (BNA): The Ministry of Industry and Commerce, in partnership with the Ministry of Industry and Advanced Technology in the United Arab Emirates, and in cooperation with the Bahrain Chamber of Commerce and Industry, held a workshop for the private sector on “Integrated Industry”. Partnership for sustainable economic development.

This cooperation comes within the framework of the Kingdom of Bahrain’s preparations to host the fourth meeting of the Executive and Supreme Committees for Industrial Partnership this year.

The workshop aims to introduce new companies to the integrated industrial partnership and its objectives, gather views on enabling factors and project proposals, in addition to introducing the Emirati holding company Abu Dhabi, which has allocated $10 billion for an investment fund for projects resulting from this industrial partnership.

Iman Ahmed Al-Dossary, Undersecretary of the Ministry and a member of the Executive Committee of the Integrated Industrial Partnership, said that this workshop comes in the context of the Kingdom of Bahrain’s accession to the Basic Law of the Integrated Industrial Partnership for Sustainable Economic Development in 2022, which translates visions. The country’s leadership in relying on the assets, capabilities and expertise provided by the partnership countries, which provide industrial opportunities that contribute to diversifying the economy and increasing the competitiveness and flexibility of the industrial sector, as the industrial sector is one of the main pillars of economic diversification.

“The government’s support for the industrial sector encourages us to launch initiatives that support this sector in line with the industrial sector strategy that was launched within the economic recovery plan, which considers increasing the efficiency of supply chains through industrial integration as one of its most important pillars.” Al-Dosari added.

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The workshop was presented by Abdullah Al Shamsi, Assistant Undersecretary for Industrial Development at the Ministry of Industry and Advanced Technology, and Fadi Shafiq Al Qaed, Industrial Advisor at the Ministry, in the presence of a number of representatives of the private sector. and the government sector in Bahrain.

Bahrain entered into this partnership with the UAE, Jordan and Egypt with the aim of securing the supply chain, creating self-sufficiency, localizing industries, integrating value chains, and encouraging integrated value-added industries that would achieve sustainable economic development and contribute to creating promising job opportunities for citizens in targeted industries such as agriculture, food, fertilizers and medicines. textiles, clothing, metals, petrochemicals, and plastics.

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