EL ALAMEIN, EGYPT / RankWire.AI / – In a significant development, the UAE and Egypt have officially launched a five-year wheat supply deal valued at up to US$500 million. Al Dahra Agriculture Trading will provide imported wheat to Egypt’s General Authority for Supply Commodities under this agreement. The financing backing for these purchases comes from the Abu Dhabi Exports Office. This arrangement formalizes a framework established in 2023 and outlines the terms for wheat transactions between Al Dahra and GASC over the course of five years.
The signing ceremony took place on Aug. 26, 2026, at the Egyptian Cabinet of Ministers’ headquarters in El Alamein. Egyptian Supply and Internal Trade Minister Sherif Farouk was present as GASC chairman. Also attending was Khadim Abdullah Al Darei, co-founder and managing director of Al Dahra. Officials did not reveal the volume of wheat covered by the agreement, nor did they disclose specific delivery schedules, shipment origins, annual purchase targets, or the pricing methods to be used for individual transactions.
This current agreement builds upon a financing scheme announced by the UAE and Egypt in August 2023. As part of that framework, ADEX provided US$100 million in revolving credit to facilitate purchases of wheat and other essential commodities. Structured for annual renewal over five years, this facility potentially reaches up to US$500 million. The original framework included Egypt’s finance and international cooperation ministries alongside GASC. The latest agreement clarifies how Al Dahra will supply wheat using the existing financing program.
Five-year plan transitions into operational wheat supply phase
ADEX, serving as the export-financing division of the Abu Dhabi Fund for Development, supports export purchases linked to UAE exporters. Its 2023 agreement with Egyptian authorities covered wheat and other vital commodities supplied via Al Dahra. This revolving arrangement permitted annual renewals during the five-year span. The new deal does not create an additional US$500 million facility; instead, it establishes a commercial framework for GASC to acquire imported wheat from Al Dahra using financing already in place through ADEX.
Since 2007, Al Dahra has maintained agricultural operations within Egypt, including farms in Toshka and East Oweinat. In 2023, the company reported cultivating approximately 28,000 hectares in Egypt and supplying over 180,000 tons of wheat to the Egyptian government during the previous three years. At that time, Al Dahra indicated that about 85% of production from its Egyptian farms entered the local market. The firm currently manages an agricultural platform serving more than 40 markets globally.
Imported wheat procurement remains tied to ADEX funding arrangements
The agreement signed at El Alamein pertains to imported wheat supplied to GASC, while Al Dahra continues to produce crops domestically. In 2023, the company identified itself as Egypt’s largest private-sector producer of wheat and corn. Therefore, this new pact relates to a separate import channel supported by UAE export financing. GASC continues to be the Egyptian authority responsible for procurement under this arrangement. Neither GASC nor Al Dahra has disclosed the total tonnage of wheat deliveries covered by the five-year deal.
The total value of the program remains capped at up to US$500 million over five years, based on the structure established in 2023. Neither the annual shipment schedule nor the supplying countries have been publicly detailed. Likewise, the pricing formula for individual transactions has not been disclosed. As of Aug. 27, 2026, the confirmed agreement links Al Dahra’s wheat supplies to GASC with the existing ADEX financing program and marks the operational launch of the five-year arrangement.