Source : WAM
The Arab Authority for Agricultural Investment and Development (AAAID) and Kuwait Investment Company (KIC) have signed a Memorandum of Understanding (MoU) to enhance collaboration on sustainable investments aimed at promoting innovation and food security.
The MoU was signed at AAAID’s Dubai headquarters by Dr. Obaid Saif Hamad Al Zaabi, Chairman of the Board of the AAAID, and Fawaz Sulaiman Al Ahmad, Chief Executive Officer of Kuwait Investment Company.
Through the MoU, the two entities plan to expand their investment partnership by establishing structured mechanisms for sharing data and information on investment opportunities in Kuwait. The framework is designed to support project evaluation according to international investment standards, improve decision-making efficiency, and generate shared economic and developmental returns.
The agreement also explores KIC’s potential involvement in AAAID’s current and future projects, as well as investment opportunities in products, assets, and funds managed or offered by KIC.
“The signing of this MoU aligns with AAAID’s vision to promote sustainable agricultural investments across Arab countries and to expand strategic partnerships,” Al Zaabi said. “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.”
Al Ahmad noted that the agreement represents a step toward expanding investments in productive sectors, particularly agriculture, which he highlighted as a key pillar of regional food security. He added that the partnership would support portfolio diversification and contribute to sustainable development in Kuwait and across the Arab region.
He further emphasized that the collaboration would facilitate the exchange of technical and technological expertise and promote the adoption of modern technologies across agricultural value chains, enhancing efficiency, product quality, and investment appeal.
