Al-Qusair discussed the authority's annual report for 2022, financial statements, and future plans for agricultural projects to be established in member states.
Minister of Agriculture participates in the Arab financial institutions and funds meetings - Press Photo
Minister of Agriculture and Land Reclamation, Al-Sayyid Al-Qusair, participated in the 47th meeting of the Arab Authority for Agricultural Investment and Development's shareholders' council, which was held in the city of Rabat under the patronage of King Mohammed VI of Morocco.
During the opening session of the Arab financial institutions and funds meetings, ِAl-Qusair discussed the authority's annual report for 2022, financial statements, and future plans for agricultural projects to be established in member states. Additionally, new board members were elected for the authority's management council.
It is worth noting that the Arab Authority for Agricultural Investment and Development is an independent Arab financial institution established in November 1967.
The authority's capital is contributed by 21 Arab countries, and it aims to achieve food security, maximize agricultural investment, enhance agricultural innovation concepts, and governance of the work environment.
As of the end of 2022, the total number of projects in which the authority contributes is 56 companies and projects, and there are approximately 20 projects under establishment and implementation.
The authority's activities focus on supporting and financing agricultural investment projects, development and applied programs, small agricultural lending, strategic planning, institutional development, international relations, as well as administrative and other activities aimed at improving the agricultural infrastructure efficiency in the Arab region, especially the member states.
It is worth mentioning that Egypt is among the major contributors to the Arab Authority for Agricultural Investment and Development. Dr. Saad Moussa, Egypt's candidate, who oversees foreign agricultural relations, was elected to the new management council with the highest percentage of votes.
The Arab Authority for Agricultural Investment and Development's continuous efforts to support agricultural investment and development in the region have yielded significant results. In 2022, the authority's contributions to agricultural projects across the Arab world led to a boost in food security, the creation of job opportunities, and increased agricultural innovation. The authority's commitment to its mission is an essential step towards achieving sustainable agricultural development in the region.
