Egypt’s Supply Authority Approves USD 500M Wheat Import Deal With UAE
The Egyptian Parliament has approved a framework agreement between the Ministry of Supply and Internal Trade and the Abu Dhabi Exports Office (ADEX) to support wheat imports for the General Authority for Supply Commodities (GASC).
The agreement provides a USD 100 million annual financing program over five years, totaling USD 500 million, to ensure a steady wheat supply for GASC, ease the financial strain of wheat imports, and strengthen the economic partnership between Egypt and the UAE.
This deal aims to support Egypt’s food security, particularly in light of challenges like global price fluctuations and domestic agricultural limitations.
Further development of the grain and oilseed markets of Ukraine and the Black Sea region will be in the spotlight of the BLACK SEA GRAIN. KYIV conference, taking place on April 22–23 in Kyiv. The event will focus on strategic directions for the agricultural sector through 2030, including investments, energy independence, processing, and exports of high-value products.
Join strategic discussions and networking with industry leaders to gain актуальна insights, discover new business opportunities, and build partnerships with key market players.
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