The Arab Authority for Agricultural Investment and Development (AAAID) is planning to invest $750m in projects in the next four years, its chairman has announced.
Ali Bin Saeed Al Sharhan said the investments would include help for agriculture, food and poultry projects in Saudi Arabia.
A number of deals would also be done to encourage the production of cereals across the Arab World, he said in comments published by Kuwait's state news agency.
The AAAID also plans to establish a firm for agricultural and poultry products in the UAE, he said, adding that a soy and clover production unit would be set up in Egypt.
The authority, founded in 1976, is headquartered in Khartoum with a regional bureau in Dubai. Its objectives include helping to achieve Arab food security and developing agricultural resources across the region.
On Tuesday, it was reported that UAE member Fujairah has launched a grains storage project of AED1bn ($272.3m) in a bid to boost food security.
The project is expected to reach capacity of 100 million tonnes.
Download the DGC Agriculture Investment Guide for free here.
Source: Arabian Business
Ali Bin Saeed Al Sharhan said the investments would include help for agriculture, food and poultry projects in Saudi Arabia.
A number of deals would also be done to encourage the production of cereals across the Arab World, he said in comments published by Kuwait's state news agency.
The AAAID also plans to establish a firm for agricultural and poultry products in the UAE, he said, adding that a soy and clover production unit would be set up in Egypt.
The authority, founded in 1976, is headquartered in Khartoum with a regional bureau in Dubai. Its objectives include helping to achieve Arab food security and developing agricultural resources across the region.
On Tuesday, it was reported that UAE member Fujairah has launched a grains storage project of AED1bn ($272.3m) in a bid to boost food security.
The project is expected to reach capacity of 100 million tonnes.
Download the DGC Agriculture Investment Guide for free here.
Source: Arabian Business