The Ministry of Industry and Commerce held an open meeting under the patronage of H.E. Mr. Zayed R. Alzayani, Minister of Industry and Commerce in the presence of H.E. Samir bin Abdullah Nass, President of the Bahrain Chamber of Commerce and Industry and a number of representatives of the industrial sector in the Kingdom of Bahrain, to review the most prominent developments in the industrial sector, in particular the accession of the Kingdom of Bahrain to the Integrated Industrial Partnership for Sustainable Economic Development with the UAE, Jordan and Egypt, which aims to promote industrial integration among Arab countries.

H.E. Alzayani began the meeting with a speech in which he stressed the kingdom's keenness to empower the industrial sector and build on the success and continuous growth achieved over the past years, which was the result of the policies adopted by the government since the 1960s aimed at not relying solely on oil and natural gas products, and making the industrial sector a diversified sector.

H.E. affirmed the keenness to implement the visions and aspirations of HM King Hamad bin Isa Al Khalifa, to achieve comprehensive economic development, and create more qualitative opportunities for citizens, praising the attentiveness and support of HRH Prince Salman bin Hamad Al Khalifa, Crown Prince, for this sector, which is one of the promising sectors the Kingdom seeks to develop within the economic recovery plan and through an integrated ambitious strategy.

For his part, Dr. Khalid Fahd Al Alawi, Assistant Undersecretary for Industrial Development, provided a brief explanation of the Integrated Industrial Partnership Initiative for Sustainable Economic Development, aimed at developing globally competitive industries by promoting the growth and integration of value chains and trade between partnering countries, which will contribute to the development of value-added manufacturing sectors to ensure the flexibility of supply chains, thereby enhancing the economic position of the Kingdom of Bahrain on the world map, to reach a developed and sustainable industry based on innovative advanced initiatives, calling on participants  wishing to support the objectives of this partnership to submit their initial proposals by filling out the electronic form available on the official website of the Ministry of Industry and Commerce.

Notably, an investment fund of $10 billion, managed by ADQ has been allocated to invest in projects arising from this partnership in priority sectors identified by the relevant committees and limited to five industrial areas including agriculture, food and fertilizers, medicines, textiles, minerals and petrochemicals.