A major boost for regional food security was announced as Ghitha, a portfolio company of Bahrain Mumtalakat Holding Company, signed a memorandum of understanding (MoU) with the Arab Authority for Agricultural Investment and Development (AAAID).
The agreement, signed at AAAID’s headquarters, establishes a strategic framework to enhance food production, develop strategic reserves of essential commodities, and improve distribution efficiency across the region.
The MoU was signed by AAAID chairman Dr Obaid Al Zaabi and Ghitha chairman Basim AlSaie. The partnership aims to align national and regional priorities to ensure sustainable access to food while strengthening the resilience of the food system.
Under the terms of the agreement, the two entities will focus on facilitating technical visits and field engagements to exchange expertise and develop best practices in agriculture.
The framework also provides for exploring opportunities to scale and market innovative products through affiliated companies, leveraging Ghitha’s growing portfolio and operational capabilities.
Furthermore, the cooperation extends to identifying strategic opportunities to access regional and international markets. This will be supported by the exchange of market intelligence, research data, and strategic analyses to aid informed decision-making and planning processes.
Commenting on the occasion, Dr Al Zaabi said that the memorandum represents an important step toward strengthening effective Arab partnerships in agriculture. He added that it reflects AAAID’s commitment to supporting sustainable investment initiatives that contribute to the development of the agricultural sector across Arab countries through cooperation with leading national institutions.
Mr AlSaie said the company is proud to sign the agreement as it represents a strategic opportunity to expand cooperation in the food and agribusiness sectors in support of Bahrain’s food security goals and sustainable development.
Ghitha, which brings together a portfolio of key national food companies, plays a vital role in supporting the kingdom’s food security objectives. Over the next five years, the company plans to undertake major expansions and strategic investments, including partnerships with the private sector to accelerate growth and expand its footprint locally and internationally.
The two parties also agreed to explore collaboration with governments and multilateral organisations on food security projects to enhance developmental impact and strengthen public-private sector integration at both regional and global levels.
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