Date: 21 May, 2025
Location: Dubai - UAE
Dubai, May 20, 2025
The Arab Authority for Agricultural Investment and Development (AAAID), has signed a Memorandum of Understanding (MoU) with Spanish agribusiness solutions provider Agrolution. The agreement aims to strengthen cooperation in developing innovative agricultural projects that contribute to food security and promote sustainable development across Arab countries.
The signing ceremony took place at AAAID’s headquarters in Dubai, with H.E. Dr. Obaid Saif Hamad Al Zaabi, Chairman of AAAID, signing on behalf of the Authority, and Mr. José María Montalbán, Chief Executive Officer, signing on behalf of Agrolution.
The MoU outlines joint efforts to identify and develop viable agricultural projects for submission to AAAID for potential support and investment. It also enables Agrolution to incorporate agricultural finance and technology solutions into project packages, thereby enhancing their economic viability and appeal to beneficiaries.
As part of the agreement, Agrolution will provide access to its integrated platform, which brings together ten leading companies specializing in complementary technologies covering the entire agricultural value chain—from cultivation to post-harvest. This collaboration is designed to deliver comprehensive, strategic solutions that enhance the efficiency and resilience of agricultural systems. Additionally, Agrolution will offer specialized advisory services to AAAID in areas such as project evaluation, feasibility studies, and technical consulting, further contributing to the quality and impact of agricultural investments across the region.
Commenting on the signing, H.E. Dr. Obaid Saif Hamad Al Zaabi stated: “This MoU represents a strategic step toward strengthening AAAID’s partnerships with the global private sector in agriculture. It aligns with our commitment to sustainable development and improving food supply chains. Through this collaboration, we aim to leverage international expertise and innovation to enhance food security and drive modern agricultural advancement across the Arab world.”
For his part, Mr. José María Montalbán expressed pride in the partnership, saying: “We are honored to collaborate with AAAID, a pioneering institution in advancing agricultural development in the region. This partnership opens new horizons for investment and innovation. With over three decades of experience in designing high-efficiency agricultural projects, we are confident that our joint efforts will generate tangible economic and social impact across member states.”
