PHOTO
- E. Jamal Salem Al Dhaheri appointed as Silal’s Chief Executive Officer
ABU DHABI: ADQ, one of the region’s largest holding companies with a broad portfolio of major enterprises spanning key sectors of Abu Dhabi’s diversified economy, today announced the establishment of Silal, a new company in Abu Dhabi developed to diversify food sources and increase locally grown, raised and manufactured food. This entity complements the Abu Dhabi government’s efforts to secure food supply chains as well as to boost the supply and distribution of food in the Emirate.
Designed to protect the overall food and agriculture sector and local farmers, Silal’s efforts include the management of offtake programmes and strategic food reserves. Silal will also implement knowledge-transfer programmes related to desert farming technology and other R&D projects to support an increase in local production of fruits and vegetables from small farmers in the UAE.
Silal will be led by H.E. Jamal Salem Al Dhaheri who has been appointed as its Chief Executive Officer. An industry veteran, Al Dhaheri has more than 25 years of experience and he has served in several leadership positions.
H.E. Khalifa Sultan Al Suwaidi, Chief Investment Officer at ADQ, said: “The creation of Silal helps to ensure that the UAE population has access to safe, sufficient and nutritious food at affordable prices. Silal also complements ADQ’s existing investments in the food and agriculture sector as we seek to expand this important economic cluster. Under Jamal’s leadership, Silal will benefit from his depth of industry experience as we deliver upon this key national initiative.”
Commenting on his appointment, H.E. Jamal Salem Al Dhaheri, CEO of Silal, said: “Through a number of programmes and initiatives, Silal will facilitate sustained production, sourcing and distribution of essential foods in Abu Dhabi for the benefit of retailers, farmers and the community. The name Silal, which means “baskets” in Arabic, denotes the variety and abundance of produce that is at the core of what the new company will deliver. Our team will work collaboratively across the entire value chain to ensure an adequate, reliable supply of fresh and longer-life food items for our local communities.”
Earlier this year, ADQ announced its acquisition of a 50 percent stake in Al Dahra Holding Company, a multinational agribusiness specialising in animal feed and essential food commodities. Agthia and Al Foah, which produce a range of food and beverages, are also part of ADQ’s food and agriculture portfolio through Senaat.
The UAE has long recognised the importance of securing food supplies as a national priority. It produces nearly six million tonnes of food locally per year, reflecting its growing self-sufficiency in food production. The UAE has also championed the enhancement of local food production through ‘ag-tech’, and has taken strides to increase domestic food yield through bioscience, research and development (R&D), and technology-enabled food production.
- Ends –
About ADQ
Headquartered in Abu Dhabi, ADQ was established in 2018 as a public joint stock company (PJSC). It holds a broad portfolio of major enterprises spanning key sectors of Abu Dhabi’s diversified economy, including utilities, tourism and hospitality, aviation, transportation, logistics, industrial, real estate, media, healthcare, food and agriculture, and financial services.
As a strategic partner of the Government of Abu Dhabi, ADQ is committed to supporting the development of Abu Dhabi as a modern, competitive, prosperous and sustainable economy. ADQ stimulates value creation by developing prominent cluster ecosystems and instilling a performance culture across its portfolio of companies. ADQ is also an asset owner and investor in target sectors, both locally and internationally, which align with Abu Dhabi’s leadership vision.
For more information visit adq.ae or write to media@adq.ae.
About Silal
Established in 2020, Silal is a food wholesaler that works collaboratively across the food supply value chain to help fulfil the UAE’s food security agenda. To support and boost local production of fresh produce, Silal works with local farmers to help increase their production and introduce best-in-class agriculture technology for desert conditions. The company also works with manufacturers and distributors around the world and with local retailers to ensure continuous supply of essential retail and bulk food products.
Silal is an ADQ company, one of the region’s largest holding companies with a broad portfolio of major enterprises spanning key sectors of Abu Dhabi’s diversified economy.
© Press Release 2020
Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.
The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.
To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.
