Article: Al Rajhi to spend SR 1.5 billion for wheat, maize farms abroad.

Article from:
Saudi Economic Survey
Article date:
April 26, 2009
Copyright

Saudi Arabia's Al Rajhi for International Investment Company unveiled plans to spend at least SR 1.5 billion by 2011 to produce wheat and maize in Egypt and Sudan.

The company has started farming a 42,000- hectare area in the Egyptian Toshka project and expects the first harvest towards the end of May. It has also started planting a 52,521-hectare farm in Sudan with sorghum to pave the way for future cultivation.

Sheikh Suleiman bin Abdul Aziz Al Rajhi, owner of the company, is currently making an inspection tour of these two projects. Accompanied by Dr.Muhamamd bin Suleiman Al Rajhi,chairman of the board of directors of the company, and Dr. Khaled bin ...

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