S. Arabia to grow grains abroad

Published June 15, 2008

RIYADH, June 14: Saudi Arabia plans to grow strategic grains abroad to protect the country from crises in world food supply, a government official said on Saturday.

Abdullah al-Obaid, a deputy agriculture minister, said the government was in talks with officials in Sudan, Egypt, Ukraine, Pakistan and Turkey to allow Saudi companies to establish projects for wheat, barley, soya bean, rice and animal fodder.

“The government would like to pave the way for Saudi investors to go abroad to use their experience, know-how and money to invest in such countries in order to bring produce here,” he told Reuters.

“We have negotiations with these countries and we have received some offers welcoming Saudi investors but we want to be sure such investments are secure and governments will give logistical help to them.”

Traders said earlier this month that Bahrain wanted to invest in rice farmland in the Philippines in a move to boost food security.—Reuters

Opinion

Editorial

Business concerns
Updated 26 Apr, 2024

Business concerns

There is no doubt that these issues are impeding a positive business clime, which is required to boost private investment and economic growth.
Musical chairs
26 Apr, 2024

Musical chairs

THE petitioners are quite helpless. Yet again, they are being expected to wait while the bench supposed to hear...
Global arms race
26 Apr, 2024

Global arms race

THE figure is staggering. According to the annual report of Sweden-based think tank Stockholm International Peace...
Digital growth
Updated 25 Apr, 2024

Digital growth

Democratising digital development will catalyse a rapid, if not immediate, improvement in human development indicators for the underserved segments of the Pakistani citizenry.
Nikah rights
25 Apr, 2024

Nikah rights

THE Supreme Court recently delivered a judgement championing the rights of women within a marriage. The ruling...
Campus crackdowns
25 Apr, 2024

Campus crackdowns

WHILE most Western governments have either been gladly facilitating Israel’s genocidal war in Gaza, or meekly...