EL ALAMEIN, EGYPT / RankWire.AI / – In the broader scope of regional trade collaborations, the United Arab Emirates and Egypt have officially launched a five-year wheat supply agreement valued at up to US$500 million. Al Dahra Agriculture Trading will be responsible for delivering imported wheat to Egypt’s General Authority for Supply Commodities as part of this arrangement. The purchases will be financed through the Abu Dhabi Exports Office. This agreement formalizes a framework established in 2023 and delineates the conditions for wheat transactions between Al Dahra and GASC over the next five years.
The signing took place on Aug. 26, 2026, at Egypt’s Cabinet of Ministers building in El Alamein. Egyptian Supply and Internal Trade Minister Sherif Farouk, acting as GASC chairman, participated in the signing ceremony. Also present was Khadim Abdullah Al Darei, co-founder and managing director of Al Dahra. Officials did not specify the volume of wheat covered by the deal, nor did they reveal the delivery schedules, shipment origins, annual purchase targets, or the pricing methods that will be applied to individual transactions.
This new arrangement extends the existing financing program announced jointly by the UAE and Egypt in August 2023. Under this program, ADEX provided US$100 million in revolving credit to support purchases of wheat and other vital commodities. The structure was designed for annual renewal over five years, allowing a potential total financing of up to US$500 million. The initial framework included participation from Egypt’s ministries of finance and international cooperation alongside GASC. The current agreement clarifies how Al Dahra will supply wheat utilizing this existing financial mechanism.
Framework for five-year wheat supply now operational
ADEX acts as the export-finance arm of the Abu Dhabi Fund for Development, supporting purchases linked to UAE exporters. The 2023 agreement with Egyptian authorities covered wheat and other essential commodities supplied by Al Dahra. Its revolving structure facilitated annual renewal during the five-year period. Instead of establishing a new US$500 million facility, the new agreement provides the commercial framework for GASC to buy imported wheat from Al Dahra via the pre-arranged financing through ADEX.
Since 2007, Al Dahra has maintained agricultural operations within Egypt, including farms in Toshka and East Oweinat. The company reported cultivating around 28,000 hectares in Egypt in 2023, with over 180,000 tons of wheat supplied to the Egyptian government over the previous three years. At that time, Al Dahra indicated approximately 85% of the output from its Egyptian farms was directed to the local market. Today, the company manages an agricultural platform serving over 40 markets worldwide.
Imported wheat procurement remains linked to ADEX financing
The agreement signed at El Alamein focuses on imported wheat supplied to GASC, while Al Dahra also produces crops domestically within Egypt. In 2023, the company identified itself as Egypt’s largest private-sector producer of wheat and corn. The new contract thus pertains to a separate import channel supported by UAE export financing. GASC continues to oversee procurement on behalf of the Egyptian government under the arrangement. Neither GASC nor Al Dahra has disclosed the total tonnage of wheat deliveries covered by this five-year agreement.
The program’s total value remains capped at up to US$500 million over five years, based on the structure introduced in 2023. No shipment schedule or list of supplying countries has been made public, and the pricing formula for individual transactions has not been revealed. As of Aug. 27, 2026, the confirmed deal links Al Dahra’s wheat supplies to GASC with the ongoing ADEX financing scheme, marking the operational phase of this five-year arrangement.