Cooperation between "Arab Investment and Agricultural Development" and"Equity" To enhance food security through digital innovation
Dubai, December 17 / WAM / The Arab Authority for Agricultural Investment and Development today announced the signing of an agreement with the “Equity” group, a global specialist in financial technology services, to enhance the food security system and accelerate digital transformation in the agricultural and food investment sectors.
The agreement was signed on behalf of the Authority by His Excellency Dr. Obaid Saif Hamad Al Zaabi, Chairman of the Board of Directors of the Arab Authority for Agricultural Investment and Development, and on behalf of Equity GM Marketing Management Company by Mr. Iskandar Akef Najjar, CEO of Equity Group.
Under the agreement, the two parties will cooperate in several key areas, including the exchange of information and data necessary to prepare feasibility studies, financial projections, capital requirements and operating plans, in a way that supports the establishment of an advanced market infrastructure that serves companies working in the fields of food security, sustainable agriculture and related sectors.
The agreement also provides for studying the development and launch of a digital platform based on distributed ledger technologies (DLT), blockchain technologies, and tools supported by artificial intelligence, with the aim of enhancing the investment analysis and project management capabilities of the authority’s portfolio companies, enabling capital mobilization more efficiently, and expanding access to accredited investors.
Dr. Obaid Al Zaabi said: This cooperation represents an important milestone in consolidating the Authority’s commitment to relying on innovation as a basic pillar of development, as it enhances our efforts aimed at developing a more flexible and comprehensive food security system, and expanding the scope of sustainable agricultural investments through advanced technological solutions.
Iskandar Najjar said: We believe that this cooperation will open new horizons for investment and enhance digital transformation in vital sectors across the region.
This cooperation represents an important opportunity for Equity Group to utilize its expertise in financial technology to support sectors that achieve long-term economic and societal impact. The two sides expressed their commitment to continue enhancing cooperation through future initiatives aimed at expanding the scope of strategic investments and supporting sustainable growth within the food security system in the region.
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