President Bola Ahmed Tinubu has commended the signing of a strategic Memorandum of Understanding (MoU) between Nigeria's leading conglomerate, BUA Group, and UAE-based AD Ports Group and MAIR Group, describing it as a major industrial and trade breakthrough.
The agreement was signed today in Abu Dhabi, building on the momentum from the Nigeria–UAE Comprehensive Economic Partnership Agreement (CEPA) sealed just last month during engagements facilitated by His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the United Arab Emirates.
In a statement, President Tinubu highlighted the MoU as a direct outcome of his administration's renewed diplomatic efforts with the UAE, which have prioritized trade, investment, infrastructure, and food security through recent state visits and high-level discussions.
The partnership focuses on key areas including sugar refining, broader agro-industrial development, and integrated global logistics solutions. Notably, it involves the establishment of sugar refining facilities and advanced logistics infrastructure at Khalifa Ports in the UAE. These initiatives aim to bolster food security, add value to agricultural products, enhance supply chain resilience, and promote structured trade flows connecting West Africa, the Gulf region, and Asia.
President Tinubu emphasized that strategic diplomacy must deliver concrete economic benefits, praising BUA Group Chairman Alhaji Abdul Samad Rabiu and his team for aligning with the administration's vision of Nigerian industrialization.
He noted that the deal demonstrates Nigerian companies' ability to compete on the global stage while supporting efforts to attract foreign investment, boost exports, empower local enterprises, and foster sustainable prosperity.
The signing follows BUA Group's own announcement of the milestone, which underscores the collaborative push to advance sugar refineries, edible oil facilities, and other agro-industrial projects at Khalifa Port, positioning Abu Dhabi as a key hub for trade and manufacturing.
This development marks another step in deepening Nigeria-UAE economic ties, with potential long-term benefits for food security and industrial growth in both nations.
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