Latest news with #IndustrialPartnershipforSustainableEconomicDevelopment
Qatar Tribune
20-05-2025
- Business
- Qatar Tribune
Qatar's undersecretary advocates for robust industrial alliances at Abu Dhabi event
QNA Doha Mohammed bin Hassan Al-Malki, Undersecretary of the Ministry of Commerce and Industry, took part in the 'Make it in the Emirates' Forum, held in Abu Dhabi on 19-22 May 2025. During the forum, he highlighted the State of Qatar's efforts to foster partnerships and advance sustainable industrial integration regionwide. Speaking at a panel discussion titled 'Integrating Transnational Supply Chains: International Industrial Alliances and Partnerships,' Al-Malki emphasised that Qatar's national manufacturing strategy 2024-2030 aligns closely with the UAE's vision of enhancing regional industrial cooperation. He commended the rollout of the 'Industrial Partnership for Sustainable Economic Development' from Abu Dhabi in 2022, considering it a pivotal platform for advancing collaborative industrial growth and regional economic integration. The Industrial Partnership initially brought together the UAE, Jordan, Egypt, Bahrain, and Morocco. It has since expanded to include Qatar and Turkey as of early 2025, creating a cooperative framework to foster industrial integration among member states and support the development of a resilient, innovation-driven, and sustainable economy. He underscored the collective industrial capabilities of the member states as a lever to address global challenges and achieve regional leadership in supply chain management and advanced manufacturing. Al-Malki noted that 'Make it in the Emirates' is more than a platform for showcasing national capacities; but a catalyst for forging strategic industrial partnerships, driving innovation, and building a resilient infrastructure that serves the aspirations of future generations. He highlighted two strategic partnership initiatives, initiated under the Industrial Partnership, that embody the spirit of collaboration between member states: The partnership between Qatar's MedGulf and the UAE's Future Pipe Company for the supply of 28,000 meters of fiberglass piping – scheduled for completion in January 2026. The long-term agreement between Qatar Steel and Bahrain Steel, valued at USD 1.266 billion, to supply five million metric tons of raw materials over five years, aimed to enhance supply chain integration and ensure a seamless industrial production across the region. He also underscored the Qatar National Manufacturing Strategy 2024–2030, which aims to develop a resilient, diverse, and future-ready industrial sector.
Qatar Tribune
20-05-2025
- Business
- Qatar Tribune
MoCI takes part in 'Make it in Emirates Forum 2025', showcases Qatar's vision for regional industrial integration
ABU DHABI: During its participation in the Make it in the Emirates Forum, which kicked off in Abu Dhabi and scheduled to run through May 22, the Ministry of Commerce and Industry (MoCI) discussed the State of Qatar's efforts to bolster regional partnerships and advance sustainable industrial integration across the region. Undersecretary of the Ministry of Commerce and Industry HE Mohammed bin Hassan Al Malki took part in a panel discussion themed 'Integration of Global Supply Chains Amid International Industrial Alliances and Partnerships'. He emphasized that Qatar's National Manufacturing Strategy aligns with the UAE's vision to strengthen regional industrial collaboration, lauding the launch of the 'Industrial Partnership for Sustainable Economic Development' from Abu Dhabi in 2022 as a strategic platform to propel shared development. The partnership was launched with the membership of the UAE, Jordan, Egypt, Bahrain, and Morocco and was broadened with the joining of the State of Qatar and the Republic of Turkiye in early 2025, thereby establishing a collaborative framework to foster industrial integration among participating states and to advance the construction of a resilient and competitive economic landscape anchored in innovation and sustainability. He noted the integrated industrial potential of the member states, stressing the importance of unifying efforts in confronting global challenges and achieving regional leadership in supply chains and advanced manufacturing. This event is not merely a platform to showcase national industrial capabilities, but rather an effective mechanism to forge strategic industrial partnerships, foster innovation, and cement a solid infrastructure that serves the aspirations of the next generations, Al Malki underlined. Al Malki also highlighted two regional industrial ventures that exemplify the spirit of collaboration under the Integrated Industrial Partnership for Sustainable Economic Development. The first is a strategic partnership between Medgulf Construction Company of Qatar and the UAE's Future Pipe Industries, aimed at supplying 28,000 meters of fiberglass pipes for a regional infrastructure project slated for completion in January 2026. The second initiative is a long-term agreement between Qatar Steel and Bahrain Steel, valued at $1.266 billion, to deliver five million metric tons of raw materials over a five-year period, reinforcing the integration of supply chains and ensuring continuity in industrial production across the region. Furthermore, he shed light on the Qatar National Manufacturing Strategy 2024-2030, which seeks to build an industrial future anchored in a resilient and diversified base that contributes to the national objective of achieving a 4 percent annual GDP growth through 2030. The strategy aspires to position the State of Qatar among the world's top 40 countries on the Competitive Industrial Performance Index.
Arab News
10-02-2025
- Business
- Arab News
Qatar, Bahrain sign $1.27bn steel deal
JEDDAH: Qatar Steel and Bahrain Steel have signed a $1.27 billion agreement to supply 5 million tonnes of the product over five years, aiming to enhance industrial cooperation and strengthen the sector in the region. Qatar's Ministry of Commerce and Industry announced the agreement on Feb. 9, saying that the deal falls within the framework of the Industrial Partnership for Sustainable Economic Development, which promotes private-sector collaboration across member states. The initiative supports a range of industries, including agriculture, food, and fertilizers. It also extends to pharmaceuticals, textiles, and chemicals. Additionally, the program benefits sectors such as plastics, manufacturing, and minerals. The Gulf's steel industry has experienced significant expansion, driven by major investments in infrastructure and industrial projects. The ministry highlighted that this strategic partnership would provide Qatar Steel with a stable supply of essential raw materials, enhancing production efficiency and supporting sustainable economic growth. The agreement is expected to create new investment opportunities, enhance industrial competitiveness in both Qatar and Bahrain, and strengthen local supply chains. By reducing reliance on imported raw materials, the deal aims to boost economic resilience and market stability across the region. Bahrain Steel, an iron ore pelletizing company located in the heart of the Arabian Gulf, operates twin plants with a combined capacity of 12 million tonnes of pellets. The company represents a $3.5 billion investment and plays a central role in the region's steel industry, according to its website. Producing a range of pellets for both direct reduction and blast furnace steelmaking, Bahrain Steel sources raw materials via its own port terminal. Three-quarters of its finished products are exported. Established in 1974 as the Arabian Gulf's first integrated steel plant, Qatar Steel began commercial production in 1978 and has been a wholly owned subsidiary of Industries Qatar since 2003. Headquartered in Messaieed Industrial City, south of Doha, it also operates a UAE-based subsidiary, Qatar Steel Company FZE.
