42 Saudis firms seek agro investments abroad
Riyadh, July 20, 2014
As many as 42 Saudi Arabian investors have made requests to make agricultural investments in foreign countries, said a report.
Saad Khalil, director at the office of King Abdullah initiative for Agricultural Investment Abroad ponited out that the number of investors are on the rise annually, said the Arab News report.
The investors include joint-stock companies, private firms or individuals, it said.
Based on a field survey, investment potentials are available in 31 countries, while other countries asked for inclusion in the list of targeted countries, said Khalil.
The agro investments in foreign countries is the task of private sector firms, which have to take advantage of facilities provided by the Saudi Arabian government in collaboration with the targeted countries, he added.
