Growing berries in Saudi Arabia and a farming project by the Nile are among the first investments of a new private equity firm co-founded by the former chief of Egypt’s sovereign wealth fund.
Olam Group announced on Feb 24 that it will sell its remaining 64.57% stake in Olam Agri to Saudi Agriculture & Livestock Investment Company (SALIC), a state-owned Saudi investment firm.
Ukraine and Saudi Arabia are determined to strengthen cooperation in the agricultural sector and a joint forum with the participation of business representatives from both countries will take place in May.
“Taking into account the importance of food security in the near future, I think we can implement and start joint investment projects in agriculture. We want the situation to be win-win — one project in Kazakhstan and one project in Saudi Arabia.”
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.
Saudi Agricultural & Livestock Investment Co., controlled by the country’s sovereign wealth fund, is in advanced talks on a transaction that would value Olam Agri Holdings at about $4 billion.
SALIC aspires to expand co-operation and investment in the Vietnamese market, especially in the production, processing and export of rice, along with animal feed, poultry, livestock and aquaculture.
Le projet, porté par des investisseurs privés des deux pays, prévoit l’implantation de cultures céréalières et le développement d’une filière d’élevage bovin laitier.
A new agricultural hub is expected to be embodied in an Algerian-Saudi partnership in strategic agriculture and dairy cattle on an area exceeding 20,000 hectares in the wilaya of El Menea (Southern Algeria).
