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AAAID participates in Mauritania Forum for Investment 26-27 January /2014

Date: 26 Jan, 2014


At the kind invitation of his Excellency Dr. Seedi Weld Babaha -Minister of Finance and Development of the Republic of Mauritania , AAAID delegation chaired by H.E. Mohamed bin Obaid Al Mazrowei- President of AAAID were attended the investment forum which was held in Mauritania during the period 26-27 January /2014 in Nouakchott city under sponsorship of his Excellency the president of the Republic of Mauritania.
The forum was honored also by the presence of his Excellency Ibrahim Abdul-Aziz Al Assaf – the Minister of Finance in KSA.

H.E. Al Mazrowei has delivered a speech to the audience included a brief of AAAID establishment , objectives and its activities in the Arab countries.
he also shed light on AAAID’s new strategy for the coming five years .
At the conclusion he reviewed a group of potential agricultural investment projects in Mauritania and finally he made call to all governmental and private sectors to participate in these projects.
On the sidelines of the forum HE the president met with many investors and they discussed the ways of cooperation in the different potential investment opportunities.

At the end of the event AAAID and the Government of Mauritania have signed a memorandum of understanding to implement some Agricultural projects and also they signed some agreements of funding included two agreements with the Arab Monetary Fund , five agreements with Al Rajhi Group and two agreements with Saudi Development Fund.
The signing ceremony was attended and supervised by H.E. Mohamed Laggzif – Prime Minister of Mauritania and HE Ibrahim Al Assaf the Minister of Finance in KSA.
The agreement aims to set up some projects in the field of fisheries and livestock.
The agreement also aims to support the economic program as well as credit line for the Central Bank of Mauritania.