International IFPA and Holding Amar Group discuss future cooperation in the poultry production sector

International Islamic Food Processing Association (“IFPA”) held a bilateral meeting with the General Director of the Holding Amar Group (“Holding”), Mr. Raif Safin. The Holding, headquartered in Samara, Russia operates in the poultry sector for more than nine years, which main activity includes processing and sale of chicken broiler, goose, turkey meat, eggs, with a product line estimating more than 100 items and produced following Halal food standards. Currently, the Holding exports poultry products to the countries of the Persian Gulf, mainly to Iran.

The parties presented their activities and discussed current issues and prospects for further cooperation in the poultry production sector. The Director General and CEO of IFPA, H.E. Sheikh Bilal Khan noted that “the industry is demanding a sizeable upfront investment on the farmer to develop the infrastructure of the poultry farm. Therefore, particular attention should be paid to the interaction of the entities in the sphere of new export market opportunities with IFPA potentially facilitating various structured Islamic financial and investment instruments for the poultry enterprises for their continued stability and sustainability”.

The Holding expressed its willingness for close cooperation with IFPA and the parties agreed to sign a mutual agreement whereby the Holding Amar Group will join IFPA as a Corporate member which will offer the opportunity to its members to have access to all privileges and benefits of IFPA and the eligibility to receive IFPA’s special services in attracting Islamic investments and financing and the assistance to increase the volume of exports of the enterprises belonging to the Holding.

The prospects of the International IFPA operation were discussed at the trilateral meeting.

On August 24 2021, the International Islamic Food Processing Association(“IFPA”), Islamic Organisation for Food Security (“IOFS”) and Dinar Standard International Research and Advisory company(“Dinar standard”)  held a meeting. The meeting was attended by operational staff of IFPA, Director General of IOFS H.E. Yerlan Baidaulet and Dr. Mohamed Ali, Associate Partner of Dinar Standard.

Dinar Standard is a global research and advisory company with headquarters in New York and Dubai, providing consultancy services and business solutions in innovation and strategy, investment and fintech, public policy and government-led innovation. It is aiming to equip professionals across the enterprise to make the right decisions, stay ahead of change, provide indispensable business insights, advice and tools to achieve mission-critical priorities and build the organizations of tomorrow.

The meeting allowed discussing the state of play of the work done by the International IFPA on the two identified priority areas: Liaising with prospective members; Engaging with external service partners. Parties conveyed their support and welcomed the progress made on the deliverables, discussed the next steps towards the IFPA’s prospect operations.

International IFPA participates in the Qatar Chamber of Commerce & Industry conference

On August 22 2021, the International IFPA (“IFPA”) participated in an international conference hosted by the Qatar Chamber of Commerce & Industry (“Chamber”).

The Qatar Chamber of Commerce and Industry was established in 1963, is one of the oldest chambers of commerce in the Gulf region and bringing together more than 75 thousand members. The entity currently has the mission to support the comprehensive and sustainable development of the business at the national and global levels, as well as protecting the commercial, industrial and other interests of its members representing the private sector.

The opening session was launched with keynote speeches from H.E. Mr. Arman Issagaliyev, Ambassador Extraordinary and Plenipotentiary of the Republic of Kazakhstan to the State of Qatar, H.E. Mr. Mohamed Bin Ahmed Twar Al Kuwari, the Co-Chairman of the Kazakhstan-Qatar Business Council, H.E. Mr. Ruslan Manatayev, Deputy Minister of Agriculture of the Republic of Kazakhstan. Parties pointed out that Qatari-Kazakhstan relations are witnessing a remarkable development in all fields, especially in trade, economic and investment sectors.

Kazakhstan Deputy Minister of Agriculture H.E. Mr.Ruslan Manatayev noted that the government is implementing a development programme for the agricultural sector in the country that has resulted in many opportunities for investment in this vital sector, “there are about 5 million square kilometers of arable land with the availability of groundwater that makes the agricultural sector attractive for investment”, noted a Deputy Minister.

The Director General and CEO of IFPA, H.E. Sheikh Bilal Khan presented in the first panel session entitled “Prospects of Trade, Economic and Investment Cooperation between the Republic of Kazakhstan and the State of Qatar”, who discussed opportunities for business cooperation between Kazakhstan and Qatar in agri-food trade and investment through the platform of International IFPA and mentioned that “such meetings help us identify areas of opportunity and growth partnership through trade exports and investments to diversify the portfolio of assets suitable for Qatari and Kazakh markets”.

Some key investments and trade opportunities between two countries were particularly discussed by Mr.Yernar Zhanadil, Managing Director for Investment, Privatization and International Cooperation-Member of the Management Board, Samruk-Kazyna JSC; Mr. Mierzhan Yusupov, CEO, JSC  NC KAZAKH INVEST; Mr. Kanat Kudaibergen, CEO, JSC NMC Tau-Ken Samruk; Askhat Omarov, Member of the Board of Directors, BI Group; Mr.Mukhtar Nurzhigitov, Vice-President, Olzha Agro LLP; Mr.Danila Kotelnikov, General Director, Evotech CA.

IFPA’s Role in the OIC Agri-Food Investments and Trade System was discussed at the International Conference

On August 18, 2021, the International IFPA (“IFPA”) participated in the online international conference «Ways to Enhance Cross Border Agri-Food Investments and Trade in OIC Countries»hosted by the Islamic Organisation for Food Security (“IOFS”).

The live-streamed virtual conference was inaugurated with keynote speeches from H.E. Mrs. Latifa El-Bouabdellaoui, Director General of the Islamic Centre for Development of Trade; H.E. Mr. Oussama Abdel Rahman Kaissi, Chief Executive Officer of the Islamic Corporation for the Insurance of Investment and Export Credit; H.E. Mr. Yousef Hasan Khalawi, Secretary General of the Islamic Chamber of Commerce, Industry and Agriculture; H.E. Mr. Yerlan Baidaulet, Director General of the Islamic Organization for Food Security.

The Director General and CEO of IFPA, H.E. Sheikh Bilal Khan presented in the panel session entitled “How to facilitate food supply chains between OIC countries?” along with other notable speakers such as Dr. Osman El Fiel, Advisor to the Director General of BADEA; Mr. Wadi Yousif, Head of Agriculture Value Chain Unit in BADEA; Dr. Mulhim Eltayeb, Adviser on the Agriculture sector to the Secretary General of ICCIA; Dr. Harun Celik, Senior Expert & Head of the ITFC Istanbul Hub; Mr. Yasser Alaqi, Manager in Asia Region Division of ICIEC; Mr. Alami Abdelaziz, Head of Marketing and Trade Promotion in ICDT.

H.E. Sheikh Bilal Khan provided an overview of the key value proposition of IFPA, OIC countries food supply chain system and remarked: “this is a critical moment demanding mobilizing collaborative efforts to enhance intra-OIC food safety. IFPA is aiming to embody the G2G mandate of IOFS into the B2B reality to research opportunities and challenges of OIC agri-food sector to provide sustainable solutions by virtue of supplychain, valuechain and blockchain, which will allow importers,exporters and other entities within the OIC agri-food markets to directly cooperate with each other”.

Some key agri-food investments and trade opportunities in food sectors of OIC countries were particularly discussed by Mr. William England, Advisor to the CEO of SALIC Group; Mr. Mubarak Rashid Alsahuti, Director Business Relations in Hassad Food; Mr. Suleiman Quraan, Head of Communications and Marketing Programs at Jordan Investment Commission; Mr. Ilyas Madimov, Head of a representative office in UAE, “Kazakh Invest” National Investment Promotion Agency; Mr. Azamat Isayev, Support Investors Department of Investment Promotion Agency of Uzbekistan.