Turkey

Saudi firm to invest $3 bln in Turkey farms

Private Saudi firm Planet Food World (PFWC) will invest around $3 billion in agriculture in Turkey over the next five years to export food products to the Gulf region, the head of its Turkish unit said.

Turks veto farm plan for minefield

Hostility to foreign investment in a sensitive border area has forced the Turkish government to shelve plans to turn a minefield along its frontier with Syria into organic farmland.

Riyadh paves way for foreign ventures

Since details emerged of Saudi Arabia’s plans to ensure supplies of wheat, rice, corn, soya beans and alfalfa through overseas agricultural investments, officials have insisted that they intended the programme to be private-sector led.

L'Arabie saoudite vise une autosuffisance alimentaire délocalisée

En janvier, le premier riz “saoudien” produit à l’étranger a été présenté au roi Abdallah. Le consommateur saoudien ne goûte pas la différence. En dépit du renversement de conjoncture, il continue à payer son alimentation à un prix élevé, correspondant au niveau en vigueur pour les achats massifs effectués en 2008 afin de prévenir toute crise alimentaire.

Vision3 signs Agriculture Memorandum of Understanding with Government of Turkey

Vision3, the promoter of AgriCap, the investment vehicle conceived to invest in visionary initiatives across the agriculture sector in the greater MENA region announced today that it signed a Memorandum of Understanding with the General Directorate of Agricultural Enterprises (TIGEM), a Turkish governmental agency falling under the authority of the Ministry of Agriculture and Rural Affairs.

BD2.26bn deal to bolster links

Bahrain and Turkish trade links took a step closer yesterday with the signing of an agreement for an agricultural project initially worth $0.5bn (BD189 million), rising to $3bn (BD1.13bn) and eventually $6bn (BD2.26bn), said Industry and Commerce Minister Dr Hassan Fakhro at the signing ceremony.