Gov’t mulls farm deals with Saudi investors
- Business World
- 25 February 2009
The investments aim to meet Saudi Arabia’s increasing demand for fruits, vegetables and livestock products
The investments aim to meet Saudi Arabia’s increasing demand for fruits, vegetables and livestock products
An estimated $238.6 million will be alloted by the Saudis to set up cash crop fruit plantations consisting of bananas, mangoes, and pineapples, an agriculture official said.
Saudi Arabia intends investing in farming in SA, the Saudi commerce and industry minister, Abdulla Ahmed Zeinal Ali Reza, told a joint economic commission on Monday.
A group of five Saudi Arabia business men have planned to invest 1 billion Saudi riyals (some $ 266.6 million) in agricultural projects in Sudan and Ethiopia within the coming few years, Pan Arab daily Asharq Al Awsat reports.
A number of videos interviews broadcast by Al-Arabiya are available at Zawya.com, in Arabic
Saudi Arabia's Hail Agricultural Development Co (Hadco) said on Monday it would look at investing in Turkey and Kazakhstan after moving into Sudan under a government plan to ensure steady food imports.
Saudi private sector company Hail Agricultural Development Co (Hadco) has picked Sudan for its first investment in farming abroad under a Saudi government scheme to ensure steady food imports, it said.
A group of Saudi businessmen have planned to invest over SR1 billion [USD267m] in agricultural projects in Ethiopia and Sudan on a staggered schedule within next few years.
With vast tracts of land being sold in Madagascar, and Sudan and other African governments actively seeking investors in agricultural land, are we witnessing a neo-colonial land grab or will the investment result in greater food productivity to the long-term benefit of recipient nations?
In an exclusive telephone interview during her visit to Riyadh on Tuesday, Philippine President Gloria Macapagal Arroyo focused on measures by her country to strengthen economic ties with the Kingdom.
King Abdullah of Saudi Arabia told President Gloria Macapagal-Arroyo on Tuesday that he is sending a high-level business mission to the Philippines in April to look for investment opportunities in the Philippine agriculture sector.
First cargo of rice arrives in oil-rich kingdom amid mixed feelings over business ethics.
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