Date: 05 Jul, 2018
The expansion and revitalization of agricultural production is quite vital to Arab countries, as it is imperative to meet the rising food needs resulting from population growth. As a basis for economic diversification and development, there is an urgent and crucial need to increase investment in this important sector, where local and foreign investment partnerships contribute to the development of agriculture. There is also considerable potential for interaction and complementarity through these partnerships to achieve the objectives of investments or activities in agriculture. In line with these objectives, AAAID is keen to create strong relations through partnership with the public and private sectors in order to reinforce food security, improve and promote agricultural investment, open wider horizons for economic cooperation and strengthen the network of communication between AAAID and investors and Arab and international establishments and organizations.
In support of these objectives, His Excellency Mohammed Bin Obaid Al Mazrooei, President of the Arab Authority for Agricultural Investment and Development, accompanied by a delegation from AAAID, participated in the 21st Arab-German Business Forum, which took place from 25 to 28 June 2018 in Berlin, Germany. The event was organized by the Arab-German Chamber of Commerce and Industry (Ghorfa), under the patronage of the League of Arab States and the Federal Ministry of Economic Affairs and Energy. This is in addition to the presence and honor of His Highness Sheikh Jaber Mubarak Al Hamad Al Sabah, Prime Minister of Kuwait, which represents the international partner country of the Forum this year. AAAID also supported the forum through the participation of some of its affiliate companies including Al Rawabi Dairy Company and Emirates Modern Poultry Company, in addition to the participation of a group of businesspersons, investment companies, specialists and experts.
H.E Mohammed bin Obaid Al Mazrooei, President of AAAID offered a presentation entitled “Building Sustainable Partnerships to Reinforce Food Security for the Arab World”. The presentation covered an introduction of the work of the Arab Authority, which depends on the investment and development partnership between the Authority and private and public sectors. As well as its partnership with small farmers and educators in order to promote Arab food security and achieve sustainable development in Arab countries.
During the B2B meetings, many participants showed great interest in the work of the Arab Authority and its activities in the field of investment and development. It was also agreed to hold bilateral meetings, visits, and business forums aimed at entering into broad partnerships with AAAID in investments and development activities in the agricultural field.