Date: 28 Jan, 2026
The Arab Authority for Agricultural Investment and Development (AAAID) has signed a framework cooperation agreement with the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), as part of efforts to strengthen strategic partnerships aimed at supporting investment and stimulating sustainable economic development in Arab countries.
The agreement was signed on 13 January 2026. It was signed on behalf of AAAID by H.E. Dr. Obaid Saif Hamad Al Zaabi, Chairman of the Board, and on behalf of ICIEC by Mr. Mohamud Khalif, Director of Underwriting Operations.
The agreement aims to broaden the scope of cooperation between the two parties in the field of insuring investment and development projects implemented by AAAID across Arab countries, in addition to encouraging investment flows and mitigating risks faced by investors. This, in turn, contributes to enhancing the business environment and achieving investment stability in the region.
Under the agreement, both parties will cooperate in exchanging expertise and information, developing innovative mechanisms to support development and investment projects, organizing specialized events and workshops, and exploring joint opportunities to enable both the public and private sectors to benefit from modern insurance and financing solutions.
On this occasion, H.E. Dr. Obaid Al Zaabi, Chairman of the Board of AAAID, stated that this agreement represents a pivotal step toward strengthening investment and trade security and supporting projects with economic and social impact, particularly in priority sectors such as agricultural production, livestock production, and food processing. He emphasized that the agreement contributes to deepening institutional cooperation and supporting sustainable development efforts in member countries, in line with economic development objectives and the enhancement of regional integration.
For his part, Mr. Mohamud Khalif, Director of Underwriting Operations at the Islamic Corporation for the Insurance of Investment and Export Credit, affirmed that this agreement reflects the Corporation’s commitment to supporting development and investment initiatives in Arab countries. He noted that cooperation with AAAID will contribute to providing integrated insurance solutions that help manage risks and stimulate quality investments, thereby supporting sustainable economic growth and enhancing investor confidence in the region.
The signing of this agreement comes within the framework of both parties’ keenness to strengthen regional and international partnerships and to provide a safer and more attractive investment environment, supporting the achievement of comprehensive and sustainable development in the Arab world.
