Starting the Trans Agri Holding Company Business in Partnership between Al Rajhi International for Investment and the Arab Authority for Agricultural Investment and Development

 Starting the Trans Agri Holding Company Business in Partnership between Al Rajhi International for Investment and the Arab Authority for Agricultural Investment and Development

The Al Rajhi International for Investment "RAII" and the Arab Authority for Agricultural Investment and Development "AAAID" signed a statement to establish the Trans Agri Holding Company during the SIAL Middle East run from 9 -11 December 2019 in Abu Dhabi – UAE with the presence of more than 40 companies. The new partnership between the two companies aims to develop the performance of the existing agricultural companies to be an exemplary example in the agricultural investment and will serve the goals and strategies of the two parties. As a first stage, the company will study and evaluate the companies and factories that have the capabilities and ingredients of success. HE the president and chairman of the AAAID Mr. Mohammad Obaid Al Mazrooi stated that the accumulated experience of AAAID & RAII in the agricultural sector in the Arab countries, the solvency of both parties and their distinctive relationship are the most important strengths in achieving the targeted goals of this partnership. The two parties aim to create a sustainable agricultural development in the Arab countries through integrated agricultural and rural development projects, innovation and technology transfer and localization & climate-smart agriculture and managing the investment projects with modern and innovative ways to achieve the optimum productivity which will contribute to enhancing of the food security to the Arab countries. The executive consultant of "RAII" Mr. Muteb AL Zomea stated on behalf of Dr. Khaled AL Malahy the RAII CEO that this partnership was established through compatibility of visions and objectives between "RAII" & the "AAAID" and due to the availability of the ingredient of success in the two parties. This partnership will be a nucleus for large investments and will rise the efficiency of the targeted companies through unification substantive, administrative and technical experiences between the two parties which will achieve building of agricultural and commercial investments to contribute in a safe and economic food for the Arab world.