Abu Dhabi Ports Group has signed a memorandum of understanding with African and Emirati companies to develop sugar refining and agricultural industries, marking a strategic step towards enhancing agricultural and industrial production in the region. Abu Dhabi Ports Group is collaborating with BUA Group, one of the largest African conglomerates, and Mir Group, known for its investments in the UAE, to establish an integrated infrastructure that concentrates expertise in sugar and edible oil refining.
Strategic Partnership Among the Three Parties
Abu Dhabi Ports Group has signed a memorandum of understanding with BUA Group, a prominent African conglomerate operating in the food, mining, and manufacturing sectors. This agreement also includes Mir Group, which focuses on investments in the retail and commercial real estate sectors in the UAE. The partnership aims to explore collaborative opportunities in developing integrated refineries for sugar and edible oils in Abu Dhabi and several targeted international markets.
National and Regional Objectives
This initiative seeks to establish a world-class system for manufacturing and processing food products, with an emphasis on meeting regional and international demand. This aligns with the goals of the National Food Security Strategy 2051, as the partnership aims to enhance economic diversification and industry, positioning the UAE as a global hub for agricultural food trade.
Future Opportunities and Projects
The memorandum of understanding encompasses a range of potential projects at Khalifa Port in Abu Dhabi, as well as projects in Africa and Latin America. Both parties will work to enhance the advanced infrastructure of Khalifa Port, utilizing multiple connectivity channels to strengthen Abu Dhabi Ports Group’s global presence in the agricultural and industrial sectors.
Statements from Group Leaders
Captain Mohamed Juma Al Shamisi, Managing Director and CEO of Abu Dhabi Ports Group, commented: “The memorandum of understanding reflects our ambition to expand Abu Dhabi Ports Group’s role within the strategic value chains of the transformative agricultural industries.” Abdulsamad Rabiu, Founder of BUA Group, praised the partnership as a significant step in the group’s journey towards international expansion.
For his part, Nayan Hamad Al Ameri, Managing Director and CEO of Mir Group, confirmed that this partnership will enhance integration between agricultural and food industries, adding that Mir Group is in a strong position to contribute to ensuring food security at both national and regional levels.