UAE, Egypt, Jordan agree to $10 billion investment partnership

The Abu Dhabi investment firm ADQ will manage the funds, which will focus on food security and industrial integration in the region.
Jordan energy
A picture shows on Sept. 6, 2018 a view of the Hamdan al-Qara mosque in southern Amman, equiped with 140 solar panels on its roof. - KHALIL MAZRAAWI/AFP via Getty Images
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Adam Lucente
@Adam_Lucente

The United Arab Emirates, Egypt and Jordan announced a new industrial investment project Sunday. 

What it means: The three countries signed the Industrial Partnership for Sustainable Economic Growth in Abu Dhabi. The partnership allocates $10 billion to an investment fund managed by ADQ, which functions as a sovereign wealth fund for the UAE. The countries will invest in the following sectors:  

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