Food Tech Valley signs agreement with IFPA

Food Tech Valley, which is being developed by Wasl Asset Management Group and is focused on food, innovation, knowledge, technology, and sustainability, has announced the signing of an agreement with the International Islamic Food Processing Association (IFPA) to support its parent entity, the Islamic Organization for Food Security (IOFS), increase food security efforts, and achieve a sustainable future for agriculture.

Ahmed AlShaibani, Food Tech Valley Project Lead, and HE Yerlan A. Baidulet, Chairman of International IFPA, signed the agreement at Gulfood Manufacturing 2022.

Food Tech Valley will provide IFPA members with best practices in AgriTech as part of the agreement by exchanging expertise and operational excellence through industry training, conferences, and events. The collaboration will allow IFPA to continue fostering strong relationships between agricultural businesses in IOFS member countries while also enabling B2B cooperation among OIC private sectors.

A spokesperson from Food Tech Valley, said: “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.”

HE Yerlan A. Baidulet said: “International Islamic Food Processing Association (IFPA), a subsidiary of the Islamic Organization for Food Security (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 track 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 are our first steps towards achieving food security within OIC nations”

As a subsidiary of the OIC-specialized institution of the Islamic Organisation for Food Security, the International Islamic Food Processing Association is established at the Astana International Financial Centre. Its mandate is to enable and promote intra-OIC trade and investment among OIC/IOFS member states in the agri-food private-sector across the entire ecosystem and food supply chain from gene to fork.