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Menafea plans $125m farm in Zambia

Lusaka, January 29, 2011

Saudi firm Menafea Holding plans to invest $125 million in a 5,000 hectare farm in north-western Zambia during 2011, where it will grow pineapples and build a factory to produce juice, a board member said.

Khaled Alrajhi said Menafea would also build 2,000 housing units in the Zambian capital Lusaka under the same agreement, signed with Zambia’s investment promotion agency, said a report in our sister publication, the Gulf Daily News. – TradeArabia News Service




Tags: Saudi | Farm | Zambia | Menafea | lusaka |

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