Kingdom plans agriculture investment in 27 countries

Part of the produce would go to local markets of producing countries, which have to provide necessary protection to Saudi investors through long-term agreements. A first such agreement was signed with the Philippines in February 2010.

AMA Group, Bahrain's NEH seal $300-M banana deal

The Philippine government has identified 10,000 ha for the Bahrain banana project in Davao del Norte. It also awaits follow-up visits from Saudi Arabia to finalize a $238.6m deal the kingdom committed to invest in fruit, aquaculture and halal food production.

Saudi-UK partners to visit Philippines

Saudi and UK investors will travel to the Philippines in October to discuss "the possibility of food production in southern Philippines, with the government providing them the needed land".