News & media Aram Palms Company and Cordiant Group Announce Strategic Partnership to Boost Agricultural Investments and Food Security in Saudi Arabia and the GCC
Riyadh, Kingdom of Saudi Arabia – Aram Palms Company, a dynamic Saudi investment enterprise, and the Cordiant Group of companies (Cordiant Group), a global investment firm specializing in agriculture value chains, have today announced the signing of a Memorandum of Understanding (MoU) to establish the Cordiant Aram Palms Middle East Private Equity Company. This joint venture will serve as Cordiant’s GCC Regional Headquarters (RHQ), based in Riyadh, Saudi Arabia.
Under this strategic partnership, Aram Palms will play a critical role in local fundraising, securing regulatory approvals, sourcing strategic partnerships, and facilitating market access. Cordiant Group will leverage its extensive experience in investment management to lead international fundraising, deal sourcing, due diligence, and portfolio management and execution.
The partnership is structured to support Saudi Vision 2030, advancing the Kingdom’s goals of enhancing food security, diversifying the economy, and strengthening its position in global agricultural markets and trade. The partnership will focus on investing in permanent crop equity funds and cold-chain infrastructure projects throughout Saudi Arabia, the Gulf Cooperation Council (GCC) region, and globally, to establish end-to-end cold-chains centered on the GCC.
Commenting on the agreement, His Royal Highness Prince Saud bin Abdulaziz bin Abdullah Al Saud, Chairman of Aram Palms, stated, “This strategic partnership represents a significant milestone for agricultural investments for the region. 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.”
Cédric Garnier-Landurie, Managing Partner, CEO and Head of Agriculture Value Chain at Cordiant Group, added, “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.
We believe the GCC and the specifically the Kingdom Saudi Arabia are entering an important decade of long term real economic growth phase, with growing diversified demographics.
We are excited about the opportunity and its robust prospects, and look forward to working alongside the team at Aram Palms, especially His Royal Highness Prince Saud bin Abdulaziz bin Abdullah Al Saud.”
Raed Suliman Alarouk, Managing Director at Aram Palms, stated, “This partnership is built on a strong foundation of alignment between our organizations and principals. 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.”
Both parties are committed to executing a formal binding agreement shortly, reaffirming their dedication to achieving sustainable agricultural development and food security objectives in Saudi Arabia and beyond.
About Aram Palms Company
Aram Palms Company is a dynamic Saudi investment enterprise focused on driving innovation and sustainable development across strategic sectors aligned with Vision 2030. The company actively invests in agriculture, technology, real estate development, advanced manufacturing, healthcare, and renewable energy. With a diversified and forward-looking portfolio, Aram Palms plays a vital role in supporting the Kingdom’s transformation agenda by fostering economic diversification, enhancing food and health security, enabling smart infrastructure, and accelerating the growth of knowledge-based and sustainable industries.
About Cordiant Group
Cordiant Group is a leading global investor in mission-critical infrastructure and real assets, specializing in agriculture value chains, digital infrastructure, and energy transition infrastructure. The firm has successfully deployed significant capital across global agricultural markets, demonstrating expertise in developing sustainable, profitable, and impactful investment solutions.