A US subsidiary of Saudi dairy giant Almarai Co. is “taking advantage of Arizona’s failure to protect its precious groundwater resource,” the lawsuit says.
Almarai is venturing into seafood and red meat as part of a nearly $5 billion programme to expand its food empire
After years investing in farms overseas, the Saudi government is now stepping up efforts to attract foreign investors to its domestic agriculture sector
The attorney general of the US state of Arizona is set to launch legal proceeding in the next two weeks against the Saudi dairy company Almarai over groundwater pumping on two farms in the state.
This week's episode of Reveal looks at how Arizona pension managers fueled a crisis by investing in an agribusiness deal that depleted local water supplies.
The Butler Valley leases terminated by Arizona's governor only amount to about one quarter of Fondomonte’s total farm holdings in Arizona prior to October. Besides the 3500 acres that the company leased from the state, it privately controls almost 10,000 acres more further south and closer to Vicksburg.
The Special Investment Facilitation Center has asked the Ministry of National Food Security and Research for an update on the invitation sent to the Almarai company of Saudi Arabia to invest in farming in Pakistan.
Worsening drought has focused new attention on a Saudi-owned dairy company and whether Arizona should be doing more to protect its groundwater resources.
The Arizona Republic’s Rob O’Dell explains why a Saudi Arabian company’s deal for Arizona water raises questions for taxpayers, water users, the Legislature and the governor.
The Public Investment Fund has transferred its ownership stakes in Almarai, the National Agricultural Development Company, and the Saudi Fisheries Company to the Saudi Agricultural and Livestock Investment Company (SALIC).
L’invitation officielle adressée au groupe saoudien Almarai d’investir en Algérie fait partie de toutes celles qu’on avait engagées en grande pompe et qui se sont évaporées instantanément pour avoir été engagées à travers un marché de dupes.
Saudi-based Almarai owns 15,000 acres of an irrigated valley – but what business does a foreign food production company have drawing resources from a US desert?
