The 34th annual meeting of AAAID Board of Shareholders 7-8 April 2010        AAAID Board of Directors held its first meeting for the year 2010        AAAID Granted a loan of $ 12 million to the Arab Sudanese Blue Nile Agricultural Company
 

AAAID Pledges to fund development projects in Nouakchott

 


 During his meeting with the commissioner of food security, H. E. Mr. Mohamed Ould Mohamedo, H. E. Mr. Ali Bin Saeed AL-Sharhan, President of AAAID, pledged to fund, in the near future, a number of projects in some districts of Nouakchott, in cooperation with the commission of food security.
The projects which would be launched include:
 

  • Financing of women income-generating activities by providing revolving credit.

  • Building a health center in the quarters of Mecca 1, 2, 3.

  • Expanding the clinic in AL- Dar AL Baidha quarter.

  • Building a clinic in Um AL-Quora quarter.

  • Building a 3 – room school for the expansion quarters A & B, and then adding a room in each of 3 schools in AL- Nazaha quarter.

  • Construction of 10 water tanks in Mendez, AL- Marfa, and Masamia quarters, in addition to providing a tank for water supply to those quarters.

  • Establishment of 3 feeding centers in AL-Mirbat quarter.

It is worth mention that a joint delegation from AAAID and a number of businessmen and investors from the Gulf visited Mauritania the first week of May (May 2010), following the invitation of the Minister of Economy and Development, Mr. ٍSidi Ould Tah. The visit lasted for five days.
At the end of the visit, H.E. Mr. Ali bin Saeed Al-Sharhan, President of AAAID, made a statement to “Hassad”, published in Hassad website, in which he said that he came to Mauritania accompanied by a delegation of senior businessmen and investors from the Gulf who manage and represent large companies, including leading companies in the field of agriculture, such as "Tabuk" corporation, "Al-Mohammedia Farms" / Saudi Arabia, “Hassad” / Qatar, "Emirates Investment Authority" / U.A.E., "A’Saffa" / Sultanate of Oman, and "Arab Fisheries Co." / Saudi Arabia. The delegation visited the river bank and looked at the various investment opportunities in the country, especially in the areas of agriculture, development, animal husbandry, and fishing.
He added that he had visited Mauritania in November of last year in order to review and monitor the agricultural activity of AAAID in the vicinity of Rosso city which has been carried out since 1995, where a lot of work and achievements were made in this area, adding that he noted that the matter needs more ambition, and that the response of the Prime Minister in Mauritania at that time was the first drive where he welcomed the support to AAAID. It was agreed that another visit be made, accompanied by a delegation from Gulf investors. He added “Today, the mentioned visit is made for 5 days to cover all the sites which saturate the ambition. We have told the Prime Minister that the anticipated ambition has became a reality today.” We discussed and exchanged views, and agreed with the Prime minister on the importance of air transport lines between Nouakchott and Gulf capitals.
Besides, the meeting combined between investment ambitions and the national and Islamic linkage. “We found that the pillars of investment are available in Mauritania and the climate of confidence lies on this blessed land, in its people and its government, as this government has a great deal of transparency in its visions for the future. "
Finally, the president of AAAID said “We have the ambition to establish with our brothers in Mauritania monuments and investing efforts, experiences, and money, to see this ambition is achieved on the ground of reality by the efforts of men, the wisdom of leadership, and clarity of souls, in a manner to achieve security and safety, and that is the happiness of nations."

 

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