EL ALAMEIN, EGYPT / RankWire.AI / – In El Alamein, Egypt, on August 26, 2026, the signing of a five-year wheat supply deal marked a significant milestone, backed by a financial package of up to US$500 million. Al Dahra Agriculture Trading is set to deliver imported wheat to Egypt’s General Authority for Supply Commodities under this arrangement. The financing supporting these purchases is provided through the Abu Dhabi Exports Office. The agreement formalizes a framework established in 2023, outlining the terms for wheat transactions between Al Dahra and GASC over the coming five years.
The pact was signed at the Egyptian Cabinet of Ministers headquarters in El Alamein with Egyptian Supply and Internal Trade Minister Sherif Farouk present as GASC chairman. Also in attendance was Khadim Abdullah Al Darei, co-founder and managing director of Al Dahra. Officials did not reveal the total wheat volume covered by this agreement, nor did they disclose details regarding delivery schedules, shipment origins, annual purchase targets, or the pricing mechanisms for individual transactions.
This recent deal extends the framework announced by the UAE and Egypt in August 2023. Under that program, ADEX provided US$100 million in revolving credit for wheat and other essential commodities, with the possibility of renewal each year over five years, potentially totaling up to US$500 million. The original framework involved Egypt’s finance and international cooperation ministries alongside GASC. The current agreement clarifies how Al Dahra will supply wheat utilizing the existing financing structure established by that earlier arrangement.
Five-year plan advances to wheat procurement phase
As the export-financing arm of Abu Dhabi Fund for Development, ADEX supports UAE exporters’ purchases. Its 2023 agreement with Egyptian authorities encompassed wheat and other vital commodities supplied by Al Dahra. The revolving financing structure permitted annual renewals during the five-year span. However, this new supply agreement does not involve an additional US$500 million facility. Instead, it creates the commercial framework allowing GASC to acquire imported wheat from Al Dahra using already arranged financing through ADEX.
Since 2007, Al Dahra has operated agricultural ventures in Egypt, with farms in Toshka and East Oweinat. In 2023, the company reported cultivating roughly 28,000 hectares in Egypt, and over the past three years, it supplied more than 180,000 tons of wheat to the Egyptian government. At that time, Al Dahra noted that approximately 85% of its Egyptian farm production entered the local market. Today, the company manages an agricultural platform serving over 40 markets worldwide.
Imported wheat sales continue to rely on ADEX financing
The signed agreement in El Alamein focuses on imported wheat supplied to GASC, although Al Dahra also produces crops within Egypt. In 2023, the company identified itself as Egypt’s leading private-sector producer of wheat and corn. The new arrangement pertains to a separate import channel supported by UAE export financing. GASC remains the Egyptian authority responsible for procurement under this framework. Neither GASC nor Al Dahra has disclosed a total tonnage for wheat shipments covered by the five-year deal.
The program’s total value remains capped at up to US$500 million over five years, as established in 2023. Both Al Dahra and GASC have yet to release a detailed shipment schedule or specify the supplying countries. They also have not revealed the pricing formulas that will be used for individual purchases. As of August 27, 2026, the agreement connects Al Dahra’s wheat supplies to GASC with the existing ADEX financing program, marking the operational phase of this five-year partnership.