The Arab-Africa Commerce Bridges (AATB) Program, a pioneering initiative to reinforce commerce and financial integration between Arab and African nations, efficiently concluded the Fourth Version of the Arab-Africa Consumers/Sellers Assembly in Agrifood Merchandise.
Held on the Al Manara Worldwide Convention Middle in Cairo, Egypt, the occasion came about alongside the famend Meals Africa Exhibition. Over two days, it introduced collectively 129 exporters and 36 suppliers from throughout the Arab and African areas, fostering significant enterprise interactions and collaboration.
This 12 months’s occasion bolstered the AATB Program’s dedication to empowering corporations within the strategic meals sector, a cornerstone of regional financial improvement. By fostering commerce partnerships, increasing market entry, and enhancing worth chains within the meals business, the Program continues to drive regional integration and contribute to meals safety for thousands and thousands throughout member states. The occasion achieved outstanding outcomes, with 745 bilateral conferences ensuing potential transactions price US$34 million.
Eng. Hani Salem Sonbol, CEO of the Worldwide Islamic Commerce Finance Company (ITFC) and Secretary-Normal of the AATB Program, remarked: “Since its inception in 2017, the AATB Program has been a significant catalyst for enhancing commerce and funding flows between Arab and African international locations. The outcomes of this 12 months’s Consumers/Sellers Conferences mirror our unwavering dedication to advancing financial cooperation, creating alternatives for small and medium-sized enterprises (SMEs), and driving investments in key sectors. The Program stays steadfast in its mission to strengthen regional integration and deal with important meals safety challenges by fostering collaboration between Arab and African companies.”
Since its launch, the AATB Program has facilitated quite a few sector-specific occasions, forging priceless partnerships and agreements. Previous editions have focused industries comparable to prescribed drugs, leading to key collaborations inside the well being sector, and agriculture, unlocking alternatives in meals manufacturing. These efforts underscore the Program’s pivotal function in fostering sustainable financial progress and regional improvement.
Distributed by APO Group on behalf of The Arab Africa Commerce Bridges Program (AATB).
Media Contact:
E-mail: aatb@itfc-idb.org
Social Media:
X: @ aatb_program (https://apo-opa.co/4g1Fie7)
Fb: @ aatbprogram (https://apo-opa.co/3Bg4azz)
In regards to the Arab-Africa Commerce Bridges (AATB) Program:
The AATB Program is a multi-donor, multi-country, and multi-organization initiative supported by the African Export-Import Financial institution (Afreximbank), the Arab Financial institution for Financial Improvement in Africa (BADEA), the Islamic Improvement Financial institution (IsDB), the Worldwide Islamic Commerce Finance Company (ITFC), the Islamic Company for the Insurance coverage of Funding and Export Credit score (ICIEC), and the Islamic Company for the Improvement of the Personal Sector (ICD).
The Program goals to advertise and enhance commerce and funding flows between African and Arab OIC member international locations by supporting commerce finance, export credit score insurance coverage, and capacity-building instruments. Its main focus sectors embrace agriculture and associated industries (comparable to textiles), the well being business (together with prescribed drugs), infrastructure and transport, petrochemicals, development supplies, and expertise.