The Agricultural Development Fund, the Islamic Development Bank and the Arab Authority for Agricultural Investment & Development are holding talks to provide insurance on the agricultural projects being funded by King Abdullah's Initiative for Saudi Agricultural Investment Abroad
The desert states of the Gulf are changing tack in their multi-billion dollar search for food security.
Agriculture Minister Fahd Balghunaim will inaugurate Sunday a portal for the King Abdullah Initiative for Agricultural Investment Abroad.
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