Private sector companies sign strategic agreements on margin of higher committee for industrial partnership meeting

Posted by author February 10, 2025 World

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The meeting of the Higher Committee for Industrial Partnership for Sustainable Economic Development, held here today, saw the signing of a series of strategic agreements between member state private sector companies to enhance cooperation and investment in various sectors within the framework of the Industrial Partnership.

The 1st agreement, a Memorandum of Understanding (MoU) signed between UAE’s Globalpharma and Morocco’s Zenith Pharma, at a value of USD 100 million, to cooperate on manufacturing and technology transfer for injectable drugs, inhalers, and cholesterol and diabetes medications.

The 2nd agreement, a Memorandum of Understanding (MoU) signed between Emirates Glass and Bahrain’s City Glass, at a value of USD 20 million, by which Emirates Glass will supply City Glass with flat glass for silver and glass mirror production.

The 3rd agreement will see UAE’s National Feed and Flour supply Qatar’s Al Rayyan Horse Essentials with compound cattle feed, valued at USD 15 million.

The 4th agreement will see Jordan’s Exeed Industries supply UAE’s National Dairy L.L.C (Hayatna) with PET plastic bottles at a value of USD 10 million.

The 5th agreement, a partnership agreement between UAE’s ISC Capital and Bahrain’s Peninsula Farms to establish a micro-algae plant in Bahrain, at a value of USD 10 million.

The 6th agreement, a strategic Memorandum of Understanding signed between Morocco’s AFRICORP Consortium and UAE’s Intecol to enhance manufacturing capabilities and invest in new production lines in the UAE.