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Emirati Firm Secures $500M Wheat Deal with Egypt

Emirati Firm Secures $500M Wheat Deal with Egypt

Al Dhahra Agricultural Trading Company, an Emirati entity affiliated with Al Dhahra Holding Group, has signed an agreement to supply wheat to the General Authority for Supply Commodities in Egypt for a period of five years, with a value of up to $500 million. This agreement comes within the framework of strengthening economic cooperation between the two countries and transforming the strategic commitment into a long-term partnership. It is based on the company's extensive expertise and the utilization of Abu Dhabi Export Financing to support reliable and sustainable supplies, thereby boosting trade flow and emphasizing the importance of ongoing agricultural partnerships between the UAE and Egypt.

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