EL ALAMEIN, EGYPT / RankWire.AI / – 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 as part of this arrangement. The financing backing for these purchases is supplied through the Abu Dhabi Exports Office. This agreement implements a framework established in 2023 and specifies the terms for wheat transactions between Al Dahra and GASC over the coming five years.
The signing ceremony took place on Aug. 26, 2026, at Egypt’s Cabinet of Ministers headquarters in El Alamein. Egyptian Supply and Internal Trade Minister Sherif Farouk attended, representing GASC as its chairman. Al Dahra’s co-founder and managing director Khadim Abdullah Al Darei was also present. Officials did not reveal the volume of wheat covered by the deal, nor did they disclose shipment schedules, origins, annual purchase targets, or the pricing mechanisms for individual transactions.
This current arrangement builds upon a financing program announced jointly by the UAE and Egypt in August 2023. Under that framework, ADEX provided US$100 million in revolving credit for wheat and other essential commodities. Structured for annual renewal over five years, this facility creates a potential total financing of 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 the existing financing structure.
Five-year plan advances to wheat supply phase
ADEX functions as the export-financing division of Abu Dhabi Fund for Development and facilitates purchases linked to UAE exporters. Its 2023 agreement with Egyptian authorities covered wheat and other vital commodities supplied by Al Dahra. The revolving nature of the structure enabled the financing to be renewed annually during the five-year span. However, this new supply agreement does not establish an additional US$500 million facility. Instead, it creates the commercial framework for GASC to buy imported wheat from Al Dahra, utilizing the financing already arranged through ADEX.
Since 2007, Al Dahra has maintained agricultural operations within Egypt, including farms in Toshka and East Oweinat. The company reported cultivating approximately 28,000 hectares in Egypt in 2023. During the previous three years, Al Dahra supplied over 180,000 tons of wheat to the Egyptian government. At that time, the company indicated that around 85% of the wheat produced on its Egyptian farms entered the local market. Today, Al Dahra operates an agricultural platform serving more than 40 markets around the world.
Imported wheat procurement remains linked to ADEX financing
The agreement signed in El Alamein pertains to imported wheat supplied to GASC, even as Al Dahra also produces crops within Egypt. In 2023, the company identified itself as Egypt’s leading private-sector producer of wheat and corn. This new deal thus involves a separate import channel supported by UAE export financing. GASC continues to oversee procurement on behalf of the Egyptian government under this arrangement. Neither GASC nor Al Dahra has disclosed the total tonnage of wheat deliveries covered over the five-year period.
The program’s total value remains capped at up to US$500 million over five years, based on the framework set in 2023. Both Al Dahra and GASC have yet to publish an annual shipment schedule or specify the countries supplying the imported wheat. They also have not revealed the pricing formulas for individual transactions. As of Aug. 27, 2026, the agreement officially links Al Dahra’s wheat supplies to GASC with the pre-existing ADEX financing, formalizing the operational phase of the five-year arrangement.