Abu Dhabi Ports Group signs a memorandum of understanding with African and Emirati companies to develop sugar refining and agricultural industries

ABU DHABI, 17th February, 2017 (WAM) – Abu Dhabi Ports Group signed a memorandum of understanding with BUA Group, one of the largest African conglomerates operating in the food, mining, and manufacturing sectors; And MAIR Group – ADX: MAIR, a strategic investment company in the retail and commercial real estate sectors in the Emirates, to explore opportunities for cooperation in developing integrated sugar and food oil refineries in Abu Dhabi and a number of specific international markets.

The partnership aims to develop a world-class system for manufacturing and processing food products, while seeking to establish the largest center for agro-food industries in the region capable of meeting regional and global demand.

The initiative seeks, in line with the objectives of the country’s National Strategy for Food Security 2051, to support economic diversification, stimulate industrial growth, and consolidate the UAE’s position as a global center for agricultural food trade and distribution.

The memorandum of understanding covers a group of potential projects in Khalifa Port in the Emirate of Abu Dhabi, Africa and Latin America, by utilizing the advanced infrastructure of Khalifa Port and its multi-modal connectivity channels, which contributes to strengthening the growing global presence of Abu Dhabi Ports Group in the agricultural industrial sector, which coincides with the group’s current development of infrastructure for handling and storing bulk agricultural goods in cooperation with its partners in Pakistan and Kazakhstan.

Under the memorandum, the opportunities available in the fields of grains, legumes, fodder and agricultural commodities will be evaluated, in addition to solutions related to maritime, logistical and port services and integrated distribution solutions.

Captain Mohammed Juma Al Shamsi, Managing Director and CEO, Abu Dhabi Ports Group, said: The memorandum of understanding reflects our ambition to expand the role of Abu Dhabi Ports Group along the strategic value chains of the agricultural transformational industries, and contribute to achieving the goals of the National Food Security Strategy 2051. By combining our integrated capabilities in the fields of trade and logistics services, the experience of the agricultural industrial group “BUA”, and the strategic investment focus of the Mir Group in the food sector, we will be able to explore opportunities to support food supply chains and enhance value. Added industrial growth, and deepening trade ties between Africa and the Emirates, in line with the vision of our wise leadership.

For his part, Abdul Samad Rabiu, Founder and Chairman of the Board of Directors of the BUA Group, said: This partnership represents a milestone in the international expansion process of the BUA Group and reflects our long-term vision to build industrial platforms capable of competing on a global level. As one of the most prominent African conglomerates, we are proud to cooperate with the Abu Dhabi Ports Group and the Mir Group to support the National Food Security Strategy 2051. We will work together with the aim of creating an advanced food processing system that enhances intercontinental trade, increases the flexibility of supply chains, and creates economic value. Sustainable for future generations.

Nahyan Hamad Al Ameri, Managing Director and CEO of Mir Group, said: This partnership brings together complementary strengths in the fields of investment, industrial development, and logistics services, and places Mir Group’s presence in the retail and commercial real estate sectors, in addition to its focus on supply chain infrastructure. The group is in a supportive position for the integration of agricultural and food industries. We will contribute to building a more integrated and flexible food system that supports food security at the national and regional levels, by exploring opportunities for cooperation in the areas of sugar refining, food oils, and food processing at the national and regional levels. Wider scope.

• For more: Follow Khaleejion 24 Arabic, Khaleejion 24 English, Khaleejion 24 Live, and for social media follow us on Facebook and Related