EL ALAMEIN, EGYPT / RankWire.AI / – A five-year wheat supply arrangement valued at up to US$500 million has been officially activated between the UAE and Egypt. Al Dahra Agriculture Trading will deliver imported wheat to Egypt’s General Authority for Supply Commodities under this deal. The financing backing comes from the Abu Dhabi Exports Office, facilitating the purchases. This agreement formalizes a framework established in 2023, outlining the terms for wheat transactions between Al Dahra and GASC over the next five years.
The signing took place on Aug. 26, 2026, at Egypt’s Cabinet of Ministers headquarters located in El Alamein. Egyptian Supply and Internal Trade Minister Sherif Farouk participated as GASC chairman, with Al Dahra co-founder and managing director Khadim Abdullah Al Darei also present. No details were revealed about the quantity of wheat covered by the pact, nor were specifics provided regarding shipment schedules, origins, annual purchase targets, or the pricing methodology for individual transactions.
This latest agreement extends the financing program announced by the UAE and Egypt in August 2023. As part of that framework, ADEX extended US$100 million in revolving credit for wheat and other vital commodities. The facility was structured for renewal each year over five years, potentially reaching a total of US$500 million. Both Egypt’s ministries of finance and international cooperation, along with GASC, participated in the initial setup. The current pact clarifies how Al Dahra will supply wheat through that existing financing structure.
Five-year plan transitions into wheat procurement phase
ADEX, serving as the export-finance arm of Abu Dhabi Fund for Development, supports export-related purchases from UAE exporters. The 2023 agreement with Egyptian authorities covered wheat and other key commodities supplied via Al Dahra, utilizing a revolving financing structure that allowed renewal each year throughout the five-year period. This new supply agreement does not create an additional US$500 million facility; rather, it establishes the commercial framework for GASC to acquire imported wheat from Al Dahra using the financing already in place through ADEX.
Since 2007, Al Dahra has maintained agricultural operations in 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 in the previous three years. At that time, Al Dahra stated that roughly 85% of the wheat produced on its Egyptian farms entered the local market. The firm now manages an agricultural platform that serves more than 40 markets worldwide.
Imported wheat purchases remain reliant on ADEX financing
The agreement signed at El Alamein focuses on imported wheat delivered to GASC, while Al Dahra also produces crops domestically within Egypt. In 2023, the company identified itself as Egypt’s largest private-sector producer of wheat and corn. The new pact pertains to a separate import channel supported by the UAE export financing mechanism. GASC continues to handle procurement for the Egyptian government under this arrangement. Neither GASC nor Al Dahra has disclosed the total tonnage of wheat shipments covered by the five-year contract.
The entire program’s value remains capped at up to US$500 million over five years, based on the framework introduced in 2023. Details such as annual shipment schedules, supplying countries, or the pricing formula for individual transactions have not been made public by either GASC or Al Dahra. As of Aug. 27, 2026, the confirmed agreement links Al Dahra’s wheat supplies to GASC with the existing ADEX financing program, marking the operational phase of this five-year arrangement.