EL ALAMEIN, EGYPT / RankWire.AI / – A five-year wheat supply deal valued at up to US$500 million between the UAE and Egypt has been officially put into effect. Al Dahra Agriculture Trading will deliver imported wheat to Egypt’s General Authority for Supply Commodities under this arrangement. The financing for these transactions is provided through the Abu Dhabi Exports Office. This agreement formalizes a framework set in 2023 and establishes the terms for wheat transactions between Al Dahra and GASC over the course of five years.
The signing took place on Aug. 26, 2026, at the Egyptian Cabinet of Ministers headquarters located in El Alamein. Egyptian Supply and Internal Trade Minister Sherif Farouk attended as GASC chairman. Also present was Khadim Abdullah Al Darei, co-founder and managing director of Al Dahra. No details were disclosed regarding the volume of wheat covered by the deal, nor were specifics shared about delivery schedules, shipment origins, yearly purchase targets, or the pricing method to be used for individual transactions.
This current agreement builds upon a financing initiative announced by the UAE and Egypt in August 2023. Under that framework, ADEX provided US$100 million in revolving financing for wheat and other essential commodities. The facility was designed for annual renewal over a five-year span, allowing potential financing up to US$500 million. The initial framework involved Egypt’s ministries of finance and international cooperation alongside GASC. The new agreement clarifies how Al Dahra will supply wheat through this existing financing structure.
Five-year framework advances into wheat procurement phase
Supporting these efforts is ADEX, which functions as the export-finance division of Abu Dhabi Fund for Development, backing purchases tied to UAE exporters. The 2023 agreement with Egyptian authorities covered wheat and other vital commodities supplied by Al Dahra. Its revolving structure permitted annual renewals during the five-year term. This new supply agreement, however, does not establish another US$500 million facility but rather offers the commercial framework enabling GASC to acquire imported wheat from Al Dahra using financing already in place via ADEX.
Since 2007, Al Dahra has maintained agricultural operations within Egypt, including farms located in Toshka and East Oweinat. In 2023, the company reported cultivating approximately 28,000 hectares in Egypt. Over the previous three years, it supplied more than 180,000 tons of wheat to the Egyptian government. At that time, about 85% of the wheat produced on its Egyptian farms was marketed locally. Currently, Al Dahra manages an agricultural platform servicing over 40 markets worldwide.
Imported wheat purchases continue to rely on ADEX financing
The agreement signed in El Alamein pertains to imported wheat supplied to GASC, whereas Al Dahra also cultivates crops within Egypt. In 2023, the company identified itself as Egypt’s largest private-sector wheat and corn producer. Consequently, this new pact concerns an alternative import channel supported by UAE export financing. GASC remains responsible for procurement under this arrangement. Neither GASC nor Al Dahra has published specific figures regarding total wheat tonnage covered by the five-year deal.
The program’s value remains capped at US$500 million over five years based on the framework established in 2023. No annual shipment schedule has been issued, nor have the supplying countries been disclosed. The method for determining prices for individual purchases has also not been made public. As of Aug. 27, 2026, the agreement confirms the linkage between Al Dahra’s wheat supplies to GASC and the existing ADEX financing, solidifying the operational phase of this five-year arrangement.