Key Takeaways
- Aram Palms and Cordiant Group sign MoU to form Cordiant Aram Palms Middle East Private Equity Company
- New Riyadh-based entity will act as Cordiant Group’s GCC Regional Headquarters
- Focus areas include permanent crops and cold-chain infrastructure across the GCC and global markets
- Strategic alignment with Saudi Vision 2030 to enhance food security and economic diversification
- Partnership aims to position Saudi Arabia as a central player in the global fresh fruit value chain
Aram Palms Company Partners with Cordiant Group to Establish GCC Investment Hub
Aram Palms Company, a Saudi investment enterprise, has signed a Memorandum of Understanding (MoU) with the Cordiant Group of companies to form the Cordiant Aram Palms Middle East Private Equity Company. The newly established venture will be headquartered in Riyadh and will serve as Cordiant’s GCC Regional Headquarters, focusing on investment across agriculture value chains.
Cordiant Group to Leverage Global Experience, Aram Palms to Drive Local Execution
Under the terms of the agreement, Aram Palms Company will be responsible for fundraising within the region, securing necessary regulatory approvals, and building strategic partnerships across Saudi Arabia and the wider GCC. Meanwhile, Cordiant Group will bring its global investment expertise to the venture, overseeing international fundraising, deal sourcing, due diligence, and overall portfolio management.
Cédric Garnier-Landurie, Managing Partner and CEO at Cordiant Group, remarked, “We are honored to partner with Aram Palms Company in this important venture. This partnership strategically aligns Cordiant’s global agricultural expertise with the Kingdom’s ambitious Vision 2030, creating sustainable economic and social value in the GCC.”
Aligning with Saudi Vision 2030: Food Security and Economic Diversification
The Cordiant Aram Palms partnership is designed to support Saudi Arabia’s Vision 2030 goals by targeting critical areas such as food security, economic diversification, and enhanced positioning in global agricultural trade. The focus will be on investments in permanent crop equity funds and cold-chain infrastructure projects, both domestically and internationally, to create integrated supply chains centered on the GCC.
His Royal Highness Prince Saud bin Abdulaziz bin Abdullah Al Saud, Chairman of Aram Palms, emphasized the long-term strategic impact of the collaboration: “By joining forces with Cordiant Group, we position Saudi Arabia as a key player in the global fresh fruit value chain, ensuring long-term sustainability and food security.”
Saudi Arabia as a Global Trade and Logistics Hub
Raed Suliman Alarouk, Managing Director at Aram Palms, highlighted the country’s geographical advantage: “Due to Saudi Arabia’s strategic geographical location, it became a vital hub for global commerce and trade logistics, which will cover India, MENA, and Europe.”
This positioning is expected to enhance the region’s influence in global agriculture and supply chain dynamics.
Next Steps: Formalization and Execution
Both Aram Palms Company and Cordiant Group have committed to finalizing a binding agreement in the near future. The formalization will mark the next phase in a joint mission to drive investment-led agricultural transformation in Saudi Arabia and the broader GCC.
