Mohammed bin Obaid Al Mazrooei: “The future of agricultural and food investments depends on the adoption and localization of modern agricultural techniques and technological innovations”
to promote the activity of contractual crops, while the number of beneficiaries of all these programs have reached to 93,000 farmers and producers. In the field of agricultural research and localization of modern technologies, the Authority has implemented about 95 applied research experiences in several Arab countries.
H.E. Mohamed bin Obaid Al Mazrooei, Chairman of the Arab Authority for Agricultural Investment and Development, expressed his appreciation for all partners from government and private institutions, diplomatic missions, organizations, Arab, regional and international entities for their continuing support for the Authority’s efforts in achieving success in agricultural development and food security projects in Arab countries. He also stressed on the keenness of the Authority to strengthen its relations with strategic partners and develop ties with various government and private sectors in the efforts to further develop investments for the agricultural sector and develop existing industries in Arab countries using the latest technologies. He emphasized that the future of agricultural and food investments are based on the localization of technologies in modern agriculture and technological innovations in the Arab world.
Al Mazrooei said: “The expansion of cultivated areas and the allocation of larger quantities of water are no longer sufficient to optimize natural resources, but by providing innovative solutions such as artificial intelligence (AI) in agriculture, the Internet of things (IoT), smart sensors and remote controlled machines–which have become urgent requirements in the production process because it provides the farmer with a precise agricultural database that allows him to use agricultural inputs, improve product quality, achieve high levels of production and control agricultural risks.”
Al Mazrooei concluded: “We look forward to continuing our path to success, given our leadership of over more than 42 years, during which the Authority focused its efforts on optimizing the benefits of distributing natural resources in the Arab countries and acquiring multiple expertise in various fields of agricultural investment. We look to tap the huge investment opportunities within the agricultural sector currently available to investors from the public and private sectors and address urgent need to develop an arable area of 220 million hectares. This area has not even exceeded the total area exploited for development which is only 33 per cent, while livestock is currently estimated to reach 350 million heads, the actual production of which has not covered the needs of the entire Arab region, and currently uses 62 per cent of water resources or about 258 million cubic meters per year.”
The Arab Authority for Agricultural Investment and Development (AAAID) was established in 1976 to promote Arab food security. The Authority which has extensive experience in the field of investment and agricultural manufacturing and provides its investors with many advantages and privileges in all member countries. The Authority’s activities are based on agricultural investment in plant, livestock and related agricultural sectors. AAAID also contributes to support sustainable agricultural development through income generation projects, advanced agricultural technology, scientific research services and loans.