Egypt, Jordan, Bahrain and the United Arab Emirates signed agreements to set up nine integrated industrial projects with an investment of over $2 billion, according to the North African nation’s Industry Ministry.
The 12 agreements cover a range of sectors, including agriculture, medicine, minerals, chemicals and electric cars, according to the statement issued on Sunday.
Among the agreements are:
UAE’s M Glory Holding: Investment value of $550 million to set up three electric car plants, with specialized assembly lines in the UAE, Jordan and Egypt
UAE’s CFC Investment Holding Co: Investment value of $400 million to set up an industrial complex for feed and chemicals in Egypt
Emirates Global Aluminum: $200 million investment to establish metallurgical silicon plant in the UAE
