Food Tech Valley, being developed by Dubai-based wasl Asset Management Group, has signed an agreement with the International Islamic Food Processing Association (IFPA) to support its parent entity, Islamic Organization for Food Security (IOFS) step up food security efforts, and achieve a sustainable future for agriculture.
The agreement was signed during Gulfood Manufacturing 2022 by Mr. Ahmed AlShaibani, Food Tech Valley Project Lead, and HE Yerlan A. Baidulet, Chairman of IFPA.
As part of the agreement, Food Tech Valley will empower IFPA members with best practices in AgriTech by exchanging expertise and operational excellence through industry training, conferences and events. The collaboration will enable IFPA to continue fostering robust relations between agricultural businesses across IOFS member states and empowering B2B cooperation among OIC private sectors.
“IFPA, a subsidiary of IOFS, is an organization that can help enable food security for the OIC countries. Through close private-sector collaboration, IFPA will assist OIC members in building food manufacturing capacity and expanding trade opportunities. With IFPA relocating to UAE, with Dubai as its headquarters, IFPA is in a geo-strategic location that has the infrastructure and tracks record to catalyze the improvement of the food manufacturing value chain. In this direction, today’s MOU with Food Tech Valley and our close collaboration with Gulfood Manufacturing is our first steps towards achieving food security within OIC nations.”
A Food Tech Valley official said that “We are pleased to enter into a strategic partnership with IFPA in the consolidation of its mission to help its members distribute and promote agri-food products and champion top companies in the OIC/IOFS markets, it will also facilitate business connections and strategic partnerships in food-processing and the wider food supply chain. Our mandate at Food Tech Valley is to establish a collaborative network to lead regional transformation and export knowledge towards a sustainable food system.”
IFPA is established under the auspices of the OIC-specialized institution of IOFS, as its subsidiary, at the Astana International Financial Centre. Its mandate is to enable and promote intra-OIC trade and investment between agri-food private-sector businesses across the entire ecosystem and food supply chain from gene to fork among OIC/IOFS member states.