Source : WAM
The Arab Authority for Agricultural Investment and Development (AAAID) has signed a Memorandum of Understanding (MoU) with Ghitha, a portfolio company of Bahrain Mumtalakat Holding Company – the sovereign wealth fund of Bahrain – to establish a framework for strategic cooperation in areas of mutual interest.
The agreement aims to strengthen Arab collaboration and support regional initiatives focused on food security and sustainable agricultural development.
The MoU was signed at AAAID’s headquarters by Dr. Obaid Saif Hamad Al Zaabi, Chairman of AAAID, and Basim Mohamed Al Saie, Chairman of Ghitha.
It seeks to enhance cooperation in food security, including boosting food production, developing strategic reserves of essential commodities, improving distribution efficiency, and ensuring sustainable and equitable access to food in line with regional and national priorities.
The partnership also includes facilitating technical visits and field engagements, exchanging expertise and knowledge, and developing best practices in agriculture and food security.
Furthermore, the MoU provides a framework to explore opportunities to develop, scale, and market innovative products and services through the affiliated companies of both parties, leveraging Ghitha’s portfolio and operational capabilities.
Cooperation will also focus on identifying opportunities to access regional and international markets, supporting mutual growth by utilizing the networks, expertise, and resources of both entities, including sharing market intelligence, research data, and strategic analyses to support informed decision-making.
Dr. Al Zaabi commented, “This MoU represents an important step toward strengthening effective Arab partnerships in agriculture and food security. It reflects AAAID’s commitment to supporting sustainable investment initiatives that contribute to food security and the development of the agricultural sector across Arab countries, through cooperation with leading national institutions such as Ghitha”.
Ghitha, which consolidates major national food sector companies, plays a critical role in supporting Bahrain’s food security objectives. Over the next five years, it plans major expansions and strategic investments, including partnerships with private-sector food companies to accelerate growth, strengthen operational capabilities, and expand its footprint locally, regionally, and internationally.
For his part, Al Saie said, “The MoU represents a strategic opportunity to exchange expertise and expand cooperation in the food and agribusiness sectors, in support of Bahrain’s food security goals and sustainable development.”
