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  • 02-06-22

    UAE, Egypt, Jordan cooperate in various industrial sectors to raise regional economic integration

    (MENAFN) Analysts stated that the business relation among the UAE, Egypt in addition to Jordan targets to raise local financial integration, capitalize on competitive gains, develop district provide chains and increase exchange forecasts.

    Precisely, the newly-declared cooperation is going to produce financial benefits for the five areas of joint and planned interest, such as agriculture, pharmaceuticals, textiles, minerals as well as petrochemicals in every nation.

    Nasser Saidi, founder and leader of Nasser Saidi & Associates, stated that "Not only would such investments increase value-add and productivity, it will also help these nations to integrate into the global supply chain — resulting in better trade prospects with an increase in exports, reduced costs and maximising firms' profits."

    Adding "Furthermore, being a capital exporter, the UAE can deploy capital and existing technical know-how in the lower-wage cost nations, thereby supporting job creation (and reducing migration), which is imperative for post-Covid recovery."

    MENAFN02062022000045014228ID1104313391

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