EL ALAMEIN, EGYPT / RankWire.AI / – A five-year wheat supply arrangement valued at up to US$500 million has been officially implemented between the UAE and Egypt. Al Dahra Agriculture Trading will deliver imported wheat to Egypt’s General Authority for Supply Commodities as part of this deal. Funding for these purchases is provided through the Abu Dhabi Exports Office. The agreement formalizes a framework established in 2023, establishing the terms for wheat transactions between Al Dahra and GASC over the next five years.
The signing took place on Aug. 26, 2026, at the Egyptian Cabinet of Ministers headquarters in El Alamein. The event was attended by Egyptian Supply and Internal Trade Minister Sherif Farouk, who serves as GASC chairman, alongside Al Dahra co-founder and managing director Khadim Abdullah Al Darei. No details about the volume of wheat covered by this agreement, delivery timelines, shipment origins, annual purchase targets, or pricing methods have been disclosed by officials.
This current arrangement builds upon a financing program announced by the UAE and Egypt in August 2023. Under that scheme, ADEX provided US$100 million in revolving credit to support wheat and other essential commodity imports. The facility was designed for annual renewal over five years, potentially totaling up to US$500 million. Egypt’s ministries of finance and international cooperation, along with GASC, participated in the initial framework. The recent agreement clarifies how Al Dahra will supply wheat using that pre-existing financing mechanism.
Framework set for five-year wheat supply phase
ADEX acts as the export-financing arm of the Abu Dhabi Fund for Development, supporting purchases linked to UAE exporters. The 2023 agreement with Egyptian authorities covered wheat and other crucial commodities supplied through Al Dahra. The revolving financing structure permitted renewal each year within the five-year period. This new supply deal does not establish a separate US$500 million credit line but instead provides a commercial framework enabling GASC to buy imported wheat from Al Dahra using existing financing arrangements through ADEX.
Since 2007, Al Dahra has maintained agricultural operations in Egypt, including farms in Toshka and East Oweinat. The company reported cultivating approximately 28,000 hectares in Egypt in 2023, and it supplied over 180,000 tons of wheat to the Egyptian government in the previous three years. At that time, Al Dahra indicated that around 85% of its Egyptian farm output entered the local market. The firm now runs an agricultural platform that serves more than 40 markets around the world.
Wheat imports continue to rely on ADEX financing
The agreement signed in El Alamein pertains to imported wheat delivered to GASC, while Al Dahra also produces crops within Egypt. In 2023, the company identified itself as the country’s largest private-sector producer of wheat and corn. Consequently, this new pact involves a separate import route supported by UAE export financing. GASC remains the Egyptian entity responsible for procurement under the arrangement. Neither GASC nor Al Dahra has publicly shared total tonnage figures for wheat deliveries under the five-year term.
The overall value of this program is capped at up to US$500 million over five years, consistent with the 2023 framework. No annual shipment schedule has been released, nor have the sourcing countries for the imported wheat been disclosed. Additionally, the pricing formula for individual transactions remains undisclosed. As of Aug. 27, 2026, the agreement officially connects Al Dahra’s wheat supplies to GASC with the existing ADEX financing scheme, marking the operational start of the five-year partnership.