Date: 11 Dec, 2021
Location: Abu Dhabi National Exhibition Center – UAE
A successful investment gathering has recently took place between the Arab Authority for Agricultural Investment and Development (AAAID), its affiliated companies, and strategic partners, during which a $600 Million worth of cooperation agreements were signed at SIAL Middle East 2021.
AAAID is participating for the fifth year in a row in SIAL ME 2021, that is to be held from 7-9 December, 2021 at the Abu Dhabi National Exhibition Center – UAE; organized under the patronage of His Highness Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister, Minister of Presidential Affairs and Chairman of Abu Dhabi Agriculture and Food Safety Authority (ADAFSA).
AAAID aims to strengthen cooperation and partnership between its strategic partners of investors and agricultural companies. In this regard, AAAID seeks to exchange expertise in the agricultural field, and find complementary partnerships to achieve its investment strategy during the next five years in projects of a total investment worth around 1.2 billion US Dollars.
AAAID view SIAL Middle East as a prominent event, through which it’s activities and projects are broadly introduced; pointing out to how the exhibition bring together AAAID and its affiliated companies and strategic partners in the agricultural sector.
In addition, His Excellency Mr. Mohammed bin Obaid Al Mazrooei, President and Chairman of AAAID, stated: “AAAID has gained a wide experience for over four decades of operating in the field of agricultural investment in more than 12 Arab countries. During that period, AAAID established 53 companies and projects for the production and manufacturing of basic food commodities such as sugar, oil, poultry, dairy, fish, grains, improved seeds, fruits and vegetables.”
He also added: “This year’s participation of AAAID in SIAL Middle East is part of its annual presence in agricultural-related exhibitions, during which a number of joint MoUs, worth $600 Million, will be signed with specialized companies with a view to establish pioneering projects in various fields including fertilizers, logistics services, smart agriculture solutions, and production of significant crops of high returns.”
His Excellency Major General Mr. Mohamed Salman Al-Zamlout, Governor of the New Valley commented: “We encourage Both Emirati and Arab investors to invest in the virgin land of New Valley Governorate, which contains large areas, capabilities and facilities for investments that benefit the investor, residence of the area, and the Arab Republic of Egypt.”
Ms. Hanan Ali Al-Gaai, Director of Corporate Communication and International Relations Department, commented that, “AAAID’s participation in this year’s edition of SIAL ME comes with an organized program and a wide participation of numerous companies in which AAAID contributes; companies from the Republic of Sudan included Kenana Sugar Company, Arab Poultry Production and Processing Company, Arab Sudanese Vegetable Oil Company (ASVOC), and Al Mutamayiza for Vegetables and Crop Production, while from the United Arab Emirates came Al Rawabi Dairy, the Arab Qatari Agricultural Production Company from Qatar, and Al-Ahliah Vegetable Oil Company from the Syrian Arab Republic.”
“AAAID’s companies meeting during the second day of SIAL ME exhibition has achieved significant success in the presence of our guest of honor from the Arab Republic of Egypt, His Excellency Major General Mr. Mohamed Salman Al-Zamlout, Governor of the New Valley, in addition to CEOs and representatives of more than 30 affiliated companies of AAAID, and a great number of strategic partners concerned with investment projects in the food security sector,” Ms. Hanan added. An introductory presentation was showcased during the meeting to brief the guests about AAAID’s agricultural investment strategy for the next five years, besides highlighting the targeted projects in several Arab countries. H.E. Mr. Mohamed Al-Zamlout illustrated the investment opportunities of projects through a presentation on agricultural and renewable energy projects in the New Valley Governorate. Moreover, the meeting concluded interventions and suggestions on means of enhancing cooperation and trade exchange between AAAID’s companies and its strategic partners.