Private Sector Companies Sign Strategic Agreements on Margin of Higher Committee for Industrial Partnership Meeting

Doha: 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. According to Qatar News Agency, the first agreement is a Memorandum of Understanding (MoU) between UAE's Globalpharma and Morocco's Zenith Pharma, valued at USD 100 million. This agreement focuses on cooperation in manufacturing and technology transfer for injectable drugs, inhalers, and cholesterol and diabetes medications. The second agreement involves a USD 20 million MoU between Emirates Glass and Bahrain's City Glass. This agreement stipulates that Emirates Glass will supply City Glass with flat glass for the production of silver and glass mirrors. The third agreement is set between UAE's National Feed and Flour and Qatar's Al Rayyan Horse Essentials. This deal, valued at USD 15 million, involves the supply of compound cattle feed. The fourth agreement sees Jordan's Exeed Industries supplying UAE's National Dairy L.L.C (Hayatna) with PET plastic bottles, with the agreement valued at USD 10 million. The fifth agreement is a partnership between UAE's ISC Capital and Bahrain's Peninsula Farms to establish a micro-algae plant in Bahrain, valued at USD 10 million. The sixth agreement is a strategic Memorandum of Understanding between Morocco's AFRICORP Consortium and UAE's Intecol to enhance manufacturing capabilities and invest in new production lines in the UAE.