Arab states sign cooperation deal for food sustainability and security

The Arab Authority for Agricultural Investment and Development (AAAID) has signed a Memorandum of Understanding with Ghitha, a portfolio company of Bahrain Mumtalakat Holding Company-the sovereign wealth fund of the Kingdom of Bahrain, to establish a general framework for strategic cooperation between the two entities in areas of mutual interest.

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The agreement forms part of ongoing efforts to strengthen Arab cooperation and support regional initiatives aimed at achieving food security and sustainable agricultural development.

The MoU was signed at AAAID’s head office by Dr. Obaid Saif Hamad Al Zaabi, Chairman of the Board of AAAID, and Basim Mohamed Al Saie, Chairman of Ghitha.

The MoU aims to enhance cooperation in food security-related fields, including supporting food production, developing strategic reserves of essential food commodities, improving distribution efficiency, and ensuring equitable and sustainable access to food, in line with national and regional priorities.

Areas of cooperation also include facilitating mutual visits and field engagements between technical teams, exchanging expertise and knowledge, and developing best practices in agriculture and food security.

In addition, the MoU provides a framework to explore opportunities to develop, scale and market innovative products and services through affiliated companies of both parties, leveraging Ghitha’s growing portfolio and operational capabilities.