{"id":556413,"date":"2021-10-25T04:24:14","date_gmt":"2021-10-25T04:24:14","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/10\/25\/aaaid-to-invest-usd-220-mn-in-egypts-agriculture-sector\/"},"modified":"2021-10-25T04:24:14","modified_gmt":"2021-10-25T04:24:14","slug":"aaaid-to-invest-usd-220-mn-in-egypts-agriculture-sector","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/10\/25\/aaaid-to-invest-usd-220-mn-in-egypts-agriculture-sector\/","title":{"rendered":"AAAID to invest USD 220 mn in Egypt\u2019s agriculture sector"},"content":{"rendered":"

<\/a> The <\/strong>Arab Authority for Agricultural Investment and Development (AAAID)<\/a><\/strong> could <\/strong>invest USD 220 mn in Egypt\u2019s agriculture sector<\/strong>, according to Hapi Journal<\/a>. The finance will be directed primarily towards small farmers, authority head Mohammed Bin Obaid Al Mazrooei said during a presser, without providing further information.<\/p>\n

What\u2019s the AAAID?<\/strong> The AAAID is a Sudan-based financial institution that aims to improve food security in the Arab world. Some 21 Arab countries are shareholders in the authority, with Sudan contributing two-thirds of its capital.<\/p>\n

This investment would amount to a fifth of the institution\u2019s 2019 capital<\/strong>, which according to its website<\/a> amounted to USD 1.1 bn. Enterprise was unable to verify the report.<\/p>\n

OTHER INVESTMENT NEWS- Saudi garment and textile company <\/strong>Alaseel<\/a><\/strong> is <\/strong>looking at Egypt<\/strong> as part of its ambitious regional expansion plan, CEO Ahmed bin Saleh Al Sultan told CNBC Arabiya<\/a>. The company\u2019s board recently approved a capital increase to SAR 400 mn (USD 106 mn) as it plans to boost the brand\u2019s presence, primarily in Arab countries, Al Sultan added.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Arab Authority for Agricultural Investment and Development (AAAID) could invest USD 220 mn in Egypt\u2019s agriculture sector, according to Hapi Journal. The finance will be directed primarily towards small farmers, authority head Mohammed Bin Obaid Al Mazrooei said during a presser, without providing further information. What\u2019s the AAAID? The AAAID is a Sudan-based financial […]<\/p>\n","protected":false},"author":1,"featured_media":556414,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7272],"tags":[97,72,565,125],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-556413","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment-watch","tag-agriculture","tag-enterpriseam","tag-food-security","tag-investment-watch","wpautop","entry"],"acf":{"mongo_id":"20c2d4f6-0992-4cfe-9c04-46e83eb1b49e","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/10\/261.jpg","photo_position":"above","related_issue":[556401],"teaser":"","voice_url":""},"yoast_head":"\nAAAID to invest USD 220 mn in Egypt\u2019s agriculture sector - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2021\/10\/25\/aaaid-to-invest-usd-220-mn-in-egypts-agriculture-sector\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"AAAID to invest USD 220 mn in Egypt\u2019s agriculture sector\" \/>\n<meta property=\"og:description\" content=\"The Arab Authority for Agricultural Investment and Development (AAAID) could invest USD 220 mn in Egypt\u2019s agriculture sector, according to Hapi Journal. The finance will be directed primarily towards small farmers, authority head Mohammed Bin Obaid Al Mazrooei said during a presser, without providing further information. What\u2019s the AAAID? 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The early requests are expected to cover 44.6%\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":570821,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/04\/15\/your-top-5-infrastructure-stories-of-the-week-2\/","url_meta":{"origin":556413,"position":1},"title":"Your top 5 infrastructure stories of the week","author":"enterpriseam admin","date":"15 April 2020","format":false,"excerpt":"Your top 5 infrastructure news of the week: Foreign investment: Russian companies are planning to invest a combined USD 1.5 bn in railway infrastructure, agriculture, automobile manufacturing and shipbuilding in Egypt this year.Gas: Power Transmission & Distribution, a subsidiary of Indian energy company Larsen & Toubro, was awarded a contract\u2026","rel":"","context":"In \"El Wady for Phosphate Industries and Fertilizers\"","block_context":{"text":"El Wady for Phosphate Industries and Fertilizers","link":"https:\/\/enterpriseam.com\/egypt\/tag\/el-wady-for-phosphate-industries-and-fertilizers\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":578244,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/20\/maf-to-invest-egp-750-mn-in-egypt-by-2025\/","url_meta":{"origin":556413,"position":2},"title":"MAF to invest EGP 750 mn in Egypt by 2025","author":"enterpriseam admin","date":"20 December 2022","format":false,"excerpt":"DEBT- Arabian Construction Company to borrow EGP 3 bn from CIB: CIB has agreed to provide the Arabian Construction Company (ACC) with a EGP 3 bn credit facility to fund its joint projects with Egyptian and Saudi private sector players, the bank said (pdf) yesterday. 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The non-binding agreement will see the Abu Dhabi-based retailer establish up to 30 hypermarkets and 100 mini markets, as well as logistics hubs and distribution\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/10\/201.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":593909,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/14\/saudi-egyptian-industrial-development-company-to-invest-usd-40-mn-in-new-sectors-by-end-of-2020\/","url_meta":{"origin":556413,"position":5},"title":"Saudi-Egyptian Industrial Development Company to invest USD 40 mn in new sectors by end of 2020","author":"enterpriseam admin","date":"14 October 2019","format":false,"excerpt":"INVESTMENT WATCH- The Saudi-Egyptian Industrial Investment Company (SEII) has earmarked USD 40 mn to invest by the end of 2020, CEO Ahmed Ata tells the press. SEII is currently mulling four new investment prospects, the largest of which is in an unnamed energy company. The company is looking to diversify\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/556413","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=556413"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/556413\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/556401"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/556414"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=556413"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=556413"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=556413"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=556413"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=556413"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}