Ethiopian ambassador Mohammad Kabeera said his country has approved more than 361 investment projects to Saudi Arabia mainly in the agricultural sector.
The Pakistani company MCG Consulting, which had been working with Saudi Star Agricultural Development Plc on a rice farm in the Gambella Regional State, has pulled out of the project.
Saad Khalil, director of King Abdullah's Initiative for Saudi Agricultural Investment Abroad, recently revealed that 35 countries have been targeted for agro-investment so far.
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''.
Saudi ag minister says his government is positioning itself as a facilitator for the Saudi private sector, seeking land and agricultural investments, and providing funds, credit, and logistics.
Selon l’association roumaine EcoRuralis, plus de 700.000 hectares, soit 6,5 % des terres arables du pays, seraient déjà aux mains de compagnies du Qatar, d’Arabie Saoudite ou de Grande-Bretagne.
A Saudi firm will hold off its planned project in Sudan to produce wheat and other basic food items until the government eases a ban to repatriate profits.
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.
Sudan investment minister Mustafa Osman Ismail revealed that Saudi Arabia requested over million acres (405,000 ha) of land for investment in food security
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
Commerce and Industry Minister Tawfiq Al-Rabiah has approved the establishment of a new East Asia Agricultural Development and Investment Company to invest in farming.
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