Business

The Arab Authority for Agricultural Investment & Development (AAAID) has revealed its plans to set an emergency mechanism which can assist provide the desires of Arab countries for fundamental food commodities and enlarge inter-Arab trade of these products by the organizations in which the Arab Authority and other companies contribute. The AAAID additionally indicated plans to provide data on the quantities of surplus available for export from these commodities in Arab nations and elsewhere.

The initiative is part of AAAIDs dedication to give a boost to food safety in the Arab region and is part of its key measures to address the dangers of any food scarcity in Arab countries amid COVID-19 outbreak, which has adversely affected all economies.

H.E. Mohammed Al Mazrooei, President of AAAID, said: Since its establishment, the AAAID has been working to give a boost to food safety in Arab nations by investing in agricultural projects and assisting small farmers programs. With the spread of COVID-19 negatively affecting a number of sectors, together with food and agriculture, AAAID has been exerting all efforts in cooperation with a number of companies and other relevant stakeholders to make sure non-stop supply of fundamental food commodities, given that most Arab countries import a major part of their fundamental food wants from abroad.

H.E added: The AAAID is working on a pioneering investment and technical model supposed to assist relevant entities in growing the activities associated to agricultural product trading in the Arab region. The Arab Authority is additionally coordinating with a number of Arab nations to impervious the wishes of the population for fundamental foodstuffs and promote team spirit amid international concern of food shortages in the markets due to the disturbances in global trade and food supply chains as a result of the restricted mobility of people due to the unfold of the coronavirus.

The AAAID has been working to improve the coordination and cooperation among worried parties to make sure provisions of fundamental food products, at food organizations and factories, that are available for export or products they want to import, such as rice, maize, potatoes, uncooked and refined vegetable oils, sugar, wheat, and red meats, dairy and its derivatives, fruits, vegetables, chicken meat, table eggs, fish and fodder.

The Arab Authority for Agricultural Investment and Development (AAAID) was mounted in 1976, with the goal of reinforcing food safety in Arab countries. The Arab Authority has huge experiences in the area of agricultural investment and food processing, as well as offering its companies in member states with the benefits to develop their operations in their respective countries. The Arab Authority's activities are targeted on agricultural investment in plant and cattle production, among other associated programs and projects. It also actively contributes to supporting sustainable agricultural improvement via different agricultural projects with the use of advanced agricultural technology and offering monetary support by revolving loans.

• Tags
• #Business
• #Magazine
• #Lifestyle