Dubai: The Arab Authority for Agricultural Investment and Development (AAAID) and Kuwait Investment Company (KIC) have signed a Memorandum of Understanding (MoU) to strengthen cooperation on sustainable investments supporting innovation and food security.
According to Emirates News Agency, the MoU was signed at AAAID's headquarters in Dubai 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. The agreement aims to expand the investment partnership between the two entities through structured mechanisms for sharing data and information on investment opportunities in Kuwait. The framework is designed to support project assessment in line with international investment standards and improve decision-making efficiency, with shared economic and development returns.
The MoU also opens the door for KIC's potential participation in AAAID's existing and future projects, as well as investment opportunities in products, assets, and funds managed or offered by KIC. Dr. Al Zaabi emphasized that the collaboration aligns with AAAID's vision to promote sustainable agricultural investments across Arab countries and expand strategic partnerships. He expressed confidence that the cooperation with KIC would enhance the ability to develop projects with tangible economic and developmental impacts, particularly in agricultural production and modern technologies that bolster food security.
Fawaz Sulaiman Al Ahmad highlighted that the agreement marks a significant step towards expanding investments in productive sectors, with agriculture being a key pillar of regional food security. He noted that the partnership would aid in portfolio diversification and contribute to sustainable development in Kuwait and the broader Arab region. Furthermore, the cooperation would facilitate the exchange of technical and technological expertise and encourage the adoption of modern technologies across agricultural value chains, thereby improving efficiency, product quality, and investment attractiveness.