Qatar and Turkey Join Regional Industrial Partnership to Boost Economic Growth

Originally launched in Abu Dhabi in 2022, the partnership previously included the UAE, Bahrain, Egypt, Jordan, and Morocco. The inclusion of Qatar and Turkey increases the alliance’s economic potential and enhances cooperation in key industries.

Major Agreements and Investments Announced

During the fifth meeting of the partnership, held in Doha on Sunday, officials signed several agreements valued at $2 billion, including a landmark raw materials deal between Bahrain Steel and Qatar Steel.

The UAE delegation, led by Dr. Sultan Al Jaber, Minister of Industry and Advanced Technology, provided updates on ongoing initiatives and future investment plans.

Dr. Al Jaber, who also chairs Masdar and serves as Group CEO of Adnoc, emphasized the strategic importance of the expanded alliance.

“Qatar and Turkey’s participation will significantly enhance the partnership’s impact, given their strong industrial and economic expertise. This collaboration will drive investment opportunities at regional and international levels,” he said.

He also noted that several agreements from past meetings had already been transformed into active projects, demonstrating the initiative’s success.

Strengthening Regional Economic Ties

The Integrated Industrial Partnership aims to drive sustainable economic development, industrial expansion, and cross-border investment among its member states. The initiative focuses on key sectors such as manufacturing, energy, and trade, fostering stronger economic integration.

The UAE’s non-oil foreign trade surged to Dh3 trillion ($816.7 billion) in 2024, marking a 14.6% annual increase, as the country continues diversifying its economy and strengthening global trade connections.

With Qatar and Turkey now part of the alliance, the partnership is poised to accelerate economic cooperation, industrial development, and strategic investment, reinforcing the region’s position as a global trade and manufacturing hub.