The second Afro-Arab Ministerial Meeting on Agricultural Development and Food Security opened in Riyadh with participants agreeing to strengthen Afro-Arab cooperation towards promoting ''sustainable and sensible investment in agriculture and food security''.
Agricultural investment firm GLB presented its Sudan alfafa production project, which produces feed for animals in Saudi Arabia and the UAE, to participants at the agriculture investment conference in Sudan.
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
Kenana, which is mainly owned by the governments of Kuwait, Saudi Arabia and Sudan, is aiming to more than double its annual sugar output to 1 million tonnes by 2015 as the firm seeks new export markets
A forum of Saudi agricultural investors at the Riyadh Chamber of Commerce and Industry will on Sunday discuss the progress of Custodian of the Two Holy Mosques King Abdullah’s Initiative for Saudi Agricultural Investment Abroad.