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.
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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food
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agriculture
