In a strategic move aimed at strengthening investment partnerships and capitalizing on promising opportunities across sectors related to food security in the Arab region, the Arab Authority for Agricultural Investment and Development (AAAID) and Kuwait Investment Company (KIC) one of the region’s leading financial and investment institutions announced the signing of a Memorandum of Understanding (MoU) reflecting both parties’ commitment to developing long-term strategic partnerships that support innovation, sustainability, and food security efforts.
The MoU signing ceremony took place at AAAID’s headquarters in Dubai and was signed by His Excellency Dr. Obaid Saif Hamad Al Zaabi, Chairman of the Board of the Arab Authority for Agricultural Investment and Development (AAAID), and Mr. Fawaz Sulaiman Al Ahmad, Chief Executive Officer of Kuwait Investment Company.
The MoU aims to enhance cooperation and open new horizons for sustainable investments by expanding the scope of the investment partnership between the two entities. This will be achieved through establishing structured and institutional mechanisms for the exchange of data and information related to investment opportunities available within the State of Kuwait, enabling both parties to assess potential projects in accordance with the highest professional and investment standards, and to enhance the efficiency of well-informed investment decision-making with shared economic and developmental returns.
The MoU also provides for exploring the potential participation of Kuwait Investment Company in AAAID’s existing and future projects, in addition to examining investment opportunities in products, assets, and investment funds managed or offered by KIC.
On this occasion, His Excellency Dr. Obaid AlZaabi, Chairman of the Board of AAAID, stated:“The signing of this MoU aligns with AAAID’s vision to promote sustainable agricultural investments across Arab countries and to expand strategic partnerships. We firmly believe that cooperation with Kuwait Investment Company will enhance our ability to develop projects with tangible economic and developmental impact, particularly in agricultural production and modern technologies that support food security.”
For his part, Mr. Fawaz Sulaiman Al Ahmad, Chief Executive Officer of Kuwait Investment Company, expressed his pride in this cooperation, stating: “This MoU represents an important step toward expanding our investments in vital productive sectors, foremost among them the agricultural sector, which constitutes a key pillar of food security in the region. We are confident that our collaboration with the Arab Authority for Agricultural Investment and Development will unlock new opportunities that contribute to diversifying our investment portfolio and advancing sustainable development in the State of Kuwait and the Arab world”.
Mr. Al Ahmad added that the partnership will contribute to the exchange of technical and technological expertise between both parties and the adoption of modern technologies across various stages of agricultural production. This, in turn, will support efforts to improve operational efficiency and enhance product quality, while encouraging local and international investments in promising agricultural projects within Kuwait and beyond, and strengthening the development of agricultural value chains.
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