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?
The Middle Eastern kingdom needs hay for its 170,000 cows. So, it's buying up farmland for the water-chugging crop in the drought-stricken American Southwest.
Almarai, which already owns land in Arizona, said the purchase was part of efforts to secure high-quality hay from outside Saudi Arabia, in line with Saudi government policy.
Almarai said to be among Saudi companies that plan to expand their business in Egypt, along with food oil firm Saffola and Jannat Agriculture Investment Company.
Sin actividad fiscal en la Argentina, este profesional del estudio Integritas Trust figura en los registros societarios de una multinacional saudí que se reunió con Cristina Kirchner y luego adquirió 12 mil hectáreas, 24 horas antes de que el Congreso de la Nación sancionara la Ley de Tierras.
Investment plans include a new dairy farm of 5,000 cows and eventually another farm of 20,000 cows that will be the biggest in Egypt.
Almarai has recently received the first shipment of feed estimated at 39 thousand tons coming from farms owned by the company in Argentina.
Saudi dairy company Almarai completed the purchase of 9,834 acres of farmland in Arizona, US, as part of its efforts to secure a supply of alfalfa hay from outside the Kingdom to support its dairy business.
Investors from Saudi Arabia and United Arab Emirates have asked Ed Smith, a southern Alberta hay exporter, to help them buy land in North America.
- Western Producer
09 Jan 2014
A consortium of Saudi groups - comprising dairy giant Almarai, grain importer Al Rajhi and Salic, the agriculture arm of the country's sovereign wealth fund - agreed to pay US $92mn to acquire Continental Farmers Group located in northern Poland and western Ukraine