- AAAID explores new agriculture and food investments, focusing on Saudi Arabia.
- Authority supports 44 projects across 12 Arab nations, boosting regional resources.
- Qassim Chamber memorandum aids feasibility studies for strategic agricultural projects.
The Arab Authority for Agricultural Investment and Development is exploring new investment prospects in the agricultural and food sectors in Saudi Arabia, concentrating on food security and food production initiatives. Obaid Al-Zaabi, the authority's chairman, stated to Al-Eqtisadiah that the organization has achieved initial agreements with various Saudi companies and investment bodies concerning this matter.
AAAID supports 44 companies and projects, comprising 39 established companies and five that are in the process of being established or implemented. Its collection covers 12 Arab nations. The authority is working to enhance its investment footprint in the Kingdom by establishing new collaborations with Saudi businesses and organizations in agriculture, livestock production, and food industries, as part of its strategy to boost investments in Saudi Arabia.
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He stated that talks focused on creating qualitative initiatives in agricultural production and food processing, along with improving production efficiency in the poultry, meat, and veterinary services industries. These initiatives seek to generate additional value and foster economic growth in Saudi Arabia. The delegation also examined opportunities for collaborative efforts on initiatives that enhance Arab food security and foster integration among Arab nations within this vital sector.
Al-Zaabi mentioned that the delegation assessed potential investment opportunities in the Qassim region, resulting in an agreement with the Qassim Chamber to establish a cooperation memorandum. The memorandum will supply the authority with a catalog of accessible investment projects in agriculture and livestock production for a feasibility analysis.